The Business Is a Proprietorship Owned by T $\quad$ $\$ 100,000$

question 26

Multiple Choice

The business is a proprietorship owned by T.T is single and has no other tax information. Income from services $\quad$$\$ 100,000$
Net capital loss $\quad$ 2,200
Guaranteed compensation paid to $\mathrm { T } \quad 10,000$
Life insurance premium for $\mathrm { T }$ ,
payable to T's children $\quad$ 300
Other operating expenses $\quad 54,000$ Ignoring self-employment taxes, T's A.G.I, is

• A)$33,500
• B)$33,800
• C)$36,000
• D)$43,800

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Definitions:

Job Order Cost Accounting

An accounting system that accumulates costs for each individually identifiable job or batch, enabling precise cost tracking and management.