FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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During 2022, Janice reported the following income and expense items connected with her business.
Income from sale of articles
Rent
$95,000
16,500
Utilities
7,900
Supplies
1,800
Insurance
5,000
Travel (including restaurant meals of $600) 2,900
Calculate Qualified Business Income.
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Transcribed Image Text:During 2022, Janice reported the following income and expense items connected with her business. Income from sale of articles Rent $95,000 16,500 Utilities 7,900 Supplies 1,800 Insurance 5,000 Travel (including restaurant meals of $600) 2,900 Calculate Qualified Business Income.
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