Question: Nathaniel is self - employed. During the year, he had the following business income and expenses: Gross receipts, $ 1 8 , 0 5 0

Nathaniel is self-employed. During the year, he had the following business income and expenses:
Gross receipts, $18,050
Cost of goods sold, $5,000
Advertising, $1,000
Legal and professional fees, $280
Office expense, $125
Supplies, $310
Business license, $100
Utilities, $420
What is his gross income for the tax year?
$10,815
$13,050
$15,815
$18,050

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