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! Required information [The following information applies to the questions displayed below.] Rocco operates a beauty salon as a sole proprietorship. Rocco also owns
! Required information [The following information applies to the questions displayed below.] Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment building. In 2022, Rocco had the following income and expenses. You may assume that Rocco will owe $2,586 in self-employment tax on his salon income, with $1,293 representing the employer portion of the self-employment tax. You may also assume that his divorce from Svetlana was finalized in 2016. Interest income Salon sales and revenue Salaries paid to beauticians Beauty salon supplies $ 13,735 87,960 46,100 23,560 Alimony paid to his ex-wife, Svetlana 6,800 Rental revenue from apartment building 34,100 Depreciation on apartment building 13,700 Real estate taxes paid on apartment building Real estate taxes paid on personal residence Contributions to charity 11,740 6,705 4,765 b-2. Complete page 1 (through line 11) of Form 1040 for Rocco.
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