S & S Home Cleaning $,$Inc.

Entity Type : S Corporation

Business Activity : House cleaning

S Corporation election effective date : January $10,2023$

Officer ; Samantha Tynsdale

Title: President

Name : Samantha Tynsdale

Type of Entity : S Corporation

Percentage of Ownership $50\%$

S Corporation loan basic $12-31-2023.$$ $2,500$

Name : Sandra Kingston

Title : Vice President

Type of entity : S Corporation

Income from Operation

Gross receipts $ $141,000$

Return $($$$600)$

$\_\_\_\_\_\_\_\_\_\_$

Gross Income $ $140,000$

$1.$Expenses

A$.$Adverting $ $1,550$

B$.$Depreciation $770$

C$.$T$.$Shirts with logo $180$

D$.$Vacuum Cleaners $(3)$@ $$110$each $330$

E$.$Cleaning caddies @ $ $65(3)$each $195$

Total Wages $85,000$

A$.$Shareholder wages $ $60,000$

B$.$Employee wages $25,000$

Shareholder Heath Insurance premiums $4,200$

cleaning supplies $7,295$

Accountable plan reimbursements

Tynsdale $2350$miles of $65\mathrm{.}5$cents p$/$mile $15394,790$

Tynsdate OIP $1859$

Kensington $2125$miles at $65\mathrm{.}5$cents $1392$

Business license $500$

Federal & State payroll Taxes $$9,945$

Charitable contribution $($each contribution to local school district$)725$

Total Expenses $---------------$

$ $115,480$

Net Income $24,920$

Question $.$

Base on the information provided, how much was thge total income for S & S Cleaning $,$Inc

A$.$$ $25,645$

B$.$$ $140,400$

C$.$$ $141,000$

D$.$$ $141,600$