Marge is a self‐employed IT consultant. She engages a contractor to repaint her bedroom. Marge instructs one of her clients to pay $2,500 directly to her contractor for IT work that she has carried out. Explain whether Marge has derived any income in respect of the $2,500.

Answer rating: 100% (QA)

Based on the information given Marge has not derived ... View the full answer