Ling Has Hired CPA Gracie to Complete This Year's Form

question 128

True/False

Ling has hired CPA Gracie to complete this year's Form 1040. Ling uses online accounting software to keep the books for her interior design sole proprietorship. Ling tells Gracie that a $5,000 amount for business supplies is "close enough" to report for this year's deduction. Gracie can use this estimate in completing the Form 1040.

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Definitions:

Broadway show

A live theatrical performance, typically a musical or play, presented in one of the professional theaters located in the Broadway district of New York City.

Little League

A youth sports organization in the United States that organizes local baseball and softball leagues for children.

Primary groups

Small social groups whose members share close, personal, and enduring relationships, often characterized by long-term emotional ties and support.

Strong sense

The robust understanding or perception of something, implying a deep and confident knowledge or conviction.