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Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment building. In 2 0 2 4 , Rocco had

Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment building. In 2024, Rocco had the following income and expenses. You may assume that Rocco will owe $2,532 in self-employment tax on his salon income, with $1,266 representing the employer portion of the self-employment tax. You may also assume that his divorce from Svetlana was finalized in 2016.
\table[[Interest income,$12,030
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