If Your Business Is Paid $15,000 for Providing Services to a Client

question 32

Multiple Choice

If your business is paid $15,000 for providing services to a client, but it cost you $6000 in supplies and equipment in order to provide that service, then you will be taxed on:

• A) $15 000
• B) $6000
• C) $21 000
• D) $9000

---

Definitions:

Acceptable Name

A term or name that is officially recognized and widely accepted in a specific field or context.

Compound

A chemical combination of two or more elements in precise ratios.

Acceptable Name

A name for a chemical substance that follows current nomenclature rules and is agreed upon by scientific organizations.

Compound

A substance made up of two or more different elements that are chemically bonded together in a fixed ratio.