Required Information [The following information applies to the questions displayed below.] Betty operates a beauty salon

[answerhappygod]

Required Information The Following Information Applies To The Questions Displayed Below Betty Operates A Beauty Salon 1 (43.82 KiB) Viewed 9 times

Required Information [The following information applies to the questions displayed below.] Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2021, Betty had the following income and expenses. You may assume that Betty will owe $2,516 in self-employment tax on her salon income, with $1,258 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016. Interest income Salon sales and revenue Salaries paid to beauticians Beauty salon supplies Alimony paid to her ex-husband, Rocky Rental revenue from apartment building Depreciation on apartment building Real estate taxes paid on apartment building Real estate taxes paid on personal residence Contributions to charity Interest income Salon revenue AGI Operating income from salon Apartment building revenue a. Determine Betty's AGI. (Amounts to be deducted should be indicated by a minus sign.) Apartment building income $ 11,565 86,560 45,330 $ 23,429 6,100 31,580 13,000 11,180 6,299 4,303 0