Will and Grace are friends. Will is a self-employed art teacher and Grace helps out as a part-time assistant. Grace has control of her work and is not an employee. . . I I Will collected teaching fees of $126,000. One student had to withdraw, and Will gave back the $1,800 fee. Grace did only a little work this year. Will paid Grace $2,200 and sent her a 1099-MISC. Will paid $800 for fliers and $200 for business cards. He paid $500 to an agency to get his name out in the public. He paid $14,000 for art and teaching supplies. He paid $1,200 for the year for office phone services used 100% by the teaching effort. He donated $1,000 to the Center for Art Appreciation. . . . He didn't bring any other information to the interview for getting his tax return prepared. 3. What amount should be on Schedule C, Line 8? Choose one answer. a. $1,000 X b. $800 c. $200 d. $1,500