John Maylor Is a Self-Employed Plumber of John's John Service

question 14

Essay

John Maylor is a self-employed plumber of John's John Service, his sole proprietorship. In the current year, John's John Service had revenue of $120,000 and $40,000 of business expenses.
John also received $2,000 of interest income from corporate bonds.
What is John's adjusted gross income, assuming he had no other income or expenses? (ignore any deduction for self-employment tax.)

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Definitions:

Death Qualification

The special jury selection process that occurs in capital cases with the purpose of excluding jurors who would not be able to weigh the evidence fairly because of their death penalty attitudes.

Voir Dire

A legal process where lawyers select, or perhaps more importantly, reject certain jurors before a trial begins.

Peremptory Challenge

A right in jury selection for the attorneys to reject a certain number of potential jurors without stating a reason.

Authoritarian Personality

A pattern of cross-situational attitudes and behaviors that reflects conventional values, respect for authority figures, and a desire to punish others who defy authority