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Nabin has a food delivery business. Last year his gross revenue from the business was $ 7 0 , 0 0 0 . Here are

  Nabin has a food delivery business. Last year his gross revenue from the business was $70,000.Here are the list of expenses that he incurred while running this business:
Gasoline: $12,000
Accountant fees: $450
Speeding and parking tickets: $1,700
Insurance for the delivery truck: $4,200
Donation to policeman benevolent association (a public 501c3 organization): $1,000
Contribution to his SEP-IRA account: $6,000
What is the net taxable profit that Nabin will report on his Schedule C as his self-employment income?
 
  

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