The photography department in a department store experienced the following revenue and expenses during September: 
The photography departmental gross profit is:
Definitions:
Tax-free
Financial gains or receipts that are not subject to tax by authorities, often due to specific exemptions or regulations.
Tax-deferred Plans
Retirement or investment accounts that allow taxpayers to postpone tax liabilities on earnings until funds are withdrawn in the future.
Retirement
The period in an individual's life during which they cease full-time work, typically due to age.
SIMPLE
An acronym for Savings Incentive Match Plan for Employees, a type of retirement savings plan that allows employees and employers to contribute to traditional IRAs set up for employees.
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