Business, 11.12.2019 17:31 kenyatte97

Betty operates a beauty salon as a sole proprietorship. betty also owns and rents an apartment building. this year betty had the following income and expenses. determine betty's agi and complete page 1 of form 1040 for betty. you may assume that betty will owe $2,502 in self-employment tax on her salon income with $1,251 representing the employer portion of the self-employment taxes. interest income $ 11,255salon sales and revenue 86,360salaries paid to beauticians 45,250beauty salon supplies 23,400alimony paid to her ex-husband, rocky 6,000rental revenue from apartment building 31,220depreciation on apartment building 12,900real estate taxes paid on apartment building 11,100real estate taxes paid on personal residence 6,241contributions to charity 4,237

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