Post a New Question

Income tax

posted by .

Patricia professional gambler had following income expenses in her business:

Gambling Winning---- $275000


Fees paid for illegal information---$18000
travel costs------$8000
office expenses ------ $ 5000
Business long dist. phone charge--- $1000

Tickets for illegal parking ---- $900

how much net income Patricia reported from the business

A. $0
b. $239100
c. $240000
d. 258000

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question