Solution-Explain how she will report her income and expenses

Explain how she will report her income and expenses

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Reference no: EM13539854

Maggie Brown works for a clipping service from her home. She spends three to four hours per day reading newspaper clippings and making notes for the clipping service. During the year, she earned $9,300 from the service. She had automobile expense of $300, phone expense of $100, and child care expense related to the job of $800. Explain how she will report her income and expenses. Calculate her income from the business and her selfemployment taxes if she has no other income.

Reference no: EM13539854

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Explain how she will report her income and expenses

Reference no: EM13539854

Reference no: EM13539854

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