Question $1(1$ point$)$

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Jan sells candles under the name "Serenity by Jan" as a sole proprietorship.$$

Her home based business has a net income at the end of the year of $$200,000.$

It's tax time, what is the result? $$

Question $1$ options:

At tax time, Jan pays taxes on $$200,000.$

At tax time, Jan pays taxes on any cash she withdrew from the business.$$

At tax time, the business pays taxes on $$200,000$ minus operating expenses. $$

At tax time, the business pays taxes on $$200,000.$