Asked by Andy
Patricia professional gambler had following income expenses in her business:
Gambling Winning---- $275000
Expenses
Fees paid for illegal information---$18000
travel costs------$8000
office expenses ------ $ 5000
supplies------$3000
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
Gambling Winning---- $275000
Expenses
Fees paid for illegal information---$18000
travel costs------$8000
office expenses ------ $ 5000
supplies------$3000
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
Answers
Answered by
Claudia Drouillard
258,000
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