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please use 2018 tax calculations 25. [LO 11.2] John Mason operates a consulting business, Mason Enterprises, as a sole proprietorship. He had to transfer $100,000
please use 2018 tax calculations
25. [LO 11.2] John Mason operates a consulting business, Mason Enterprises, as a sole proprietorship. He had to transfer $100,000 of stocks and securities into Mason Enterprises's name to show financial viability for the business. During the current year, the business had the following income and expenses from operations: Consulting revenue $125,000 Travel expenses Transportation Advertising Office expense Telephone Dividend income Interest income Charitable contribution Political contribution 40,000 3,000 7,000 3,000 1,000 5,000 2,000 1,000 6,000 Determine the Schedule C net income. How are items not included in the Schedule C net income reportedStep by Step Solution
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