Question: O WORDS POWERED BY TINY QUESTION 34 Sylvia runs an IT service business. She is a sole proprietor who files a Schedule C. in 2019,

O WORDS POWERED BY TINY QUESTION 34 Sylvia runs an IT

O WORDS POWERED BY TINY QUESTION 34 Sylvia runs an IT service business. She is a sole proprietor who files a Schedule C. in 2019, she had revenues of $400,000, and she had the following expenses: office supplies - $2,200, business meals with clients - $1,500, wages paid to employees - $125,000 and $4,800 for life insurance premiums on her chief computer technician (the company is the beneficiary on this policy). What amount of net profit will she report on her Schedule C For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I S Paragraph Arial 14px v I V V V ... O WORDS POWERED BY TINY Click Save and Submit to save and submit. Click Save All Answers to save all answers. DOLL

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