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Rich is a cash basis self-employed air-conditioning repairmen with current year gross business receipts of $20,000. Rich's cash disbursements were as follows: Air conditioning parts

Rich is a cash basis self-employed air-conditioning repairmen with current year gross business receipts of $20,000. Rich's cash disbursements were as follows:

Air conditioning parts $2,500
Yellow Pages listing 2,000
Estimated federal income taxes on self-employment income 1,000
Business long-distance telephone calls 400
Charitable contributions 200

What amount should Rich report as net self-employment income? (Points : 4)

$15,100 14,900 14,100 13,900

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