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Compute brenda taxable income

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Reference no: EM133110693

Question - Brenda (who is single and does not itemize her deductions) is a real estate broker, and had the following income and expenses in her business during 2017:

Commissions income $100,000

Expenses:

Travel and Transportation 12,000

Supplies 4,000

Depreciation - TAX 5,000

Depreciation - Book 10,000

Parking tickets 500

Ignoring Self-Employment tax, compute Brenda's taxable income for 2017.

Reference no: EM133110693

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