Joline Operates Adventure Tours as a Sole Proprietorship If Joline Has Other Income of $6,000,what Is Her Adjusted

question 62

Multiple Choice

Joline operates Adventure Tours as a sole proprietorship.For the year,Adventure Tours has the following income and expense items:
$\begin{array}{lr} \text {Sales revenues } &\$ 325,000 \\ \text { Short-term capital gains } &5,000 \\ \text { Short-term capital losses } &(9,000) \\ \text { Trade and business expenses } &\underline {(185,000) } \\ \text { Taxable income } &\$ 136,000\end{array}$
If Joline has other income of $6,000,what is her adjusted gross income?

• A)$141,000
• B)$142,000
• C)$143,000
• D)$146,000

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Strategic Planning

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Strategic Planning Process

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