Question
Tax Prep question. Need ASAP! Joyce writes children's books for a variety of publishers. She has been self-employed since 2010. As a freelance writer, Joyce
Tax Prep question. Need ASAP!
Joyce writes children's books for a variety of publishers. She has been self-employed since 2010. As a freelance writer, Joyce incurs costs associated with preparing a manuscript for which she does not yet have a contract. During the year, Joyce makes 4 business trips, each 3 days long, to meet with various publishers. For shorter trips that are closer to home, she either drives or takes the train and returns the same day. On December 10, 218, Joyce receives an advance (see below) on her next book. Under the contract, Joyce is scheduled to begin work on the book February 1, 2019, and must have it completed by November 30, 2019. The Schnappaufs' home has two telephones. Joyce has a separate phone number for her business. The information on Joyce's business is listed below.
Royalties include: 5170, 6250, 11,200
Publisher's advance: 4000
Office Supplies: 170
Train tickets: 535
Airfare (4 trips): 1670
Lodging (12 nights): 2240
Meals (12 days): 610
Telephone ($28 monthly fee per line): 672
Internet provider: 570
Cellphone, including business calls: 913
Business-related postage: 87
Printing/copying: 162
Legal fees: 2,000
Interest on auto: 254
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