Alexandra Operates a Garage as a Sole Proprietorship

question 57

Essay

Alexandra operates a garage as a sole proprietorship.Alexandra also owns a half interest in a partnership that operates a gas station.This year Alexandra paid or reported the following expenses related to her garage and other property.Determine Alexandra's AGI for 2019.
$\begin{array}{llcc} \text {Revenue from auto repairs } &\$143,930 \\ \text {Salaries paid to mechanics } &72,210\\ \text {Supplies and tools } &18,500\\ \text {Revenues from gas station partnership (Alexandra's share) } &125,00\\ \text { Expenses from gas station partnership (Alexandra's share) } &95,200\\ \text { Self-employment tax (half is employer's share) } &12,702\\\end{array}$

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Definitions:

Color

A property of light as seen by people, resulting from the way objects absorb and reflect various wavelengths of light, interpreted by the eye and brain.

Brightness

Brightness is the perception of how light or luminous an object or light source appears to the human eye.

Hue

A color or shade, often described as an attribute of visual perception that allows them to be classified as red, blue, green, etc.

Amplitude

The height or strength of a wave (such as sound or light), reflecting the intensity of the signal.