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The following information applies to the questions displayed below Betty operates'& beauty salon as a sole proprietorship Betty also owns and rents an apertment building.

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The following information applies to the questions displayed below Betty operates'& beauty salon as a sole proprietorship Betty also owns and rents an apertment building. This year Betty hed the following income and expenses You may assume that Betty wil owe $2.502 in self-employment tax on her salon income, with $1,251 representing the employer portion of the sef emplayment tex. You may elso essume that her divorce from Rock was finalized in 2016 11255 86 360 5250 23400 ntesestincome Salon sales and revenue Saleies paid to beauticians leauty salon supplies Aimony paid to bee ex-husband Rocky Blernw ievonuo .on apartmere bunang Depreciation on apartment bulding Real estate taxes paid on apartment building Real estate taxes paid on personal resicdence Contributions to charit 1220 1100 6,241 237 Interest income Salon revenue Less: Salaries paid to beauticians Less: Beauty salon supplies 11,255 S 86,360 (45,250) (23,400) Operating income from salon Apartment building revenue Apartment building income AGI 11,255

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