Solution-Proprietor of a home based business

Proprietor of a home based business

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Reference no: EM131290724

Maxine is the proprietor of a home based business. She paid $25,000 to her editorial assistant, $8,000 to her son as her computer technician, and $32,000 to herself as salary. How much can she deduct as a business expense on her income tax return?

A) Nil

B) $25,000

C) $33,000

D) $65,000

Reference no: EM131290724

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Proprietor of a home based business : Maxine is the proprietor of a home based business. She paid $25,000 to her editorial assistant, $8,000 to her son as her computer technician, and $32,000 to herself as salary. How much can she deduct as a business expense on her income tax return..

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Proprietor of a home based business

Reference no: EM131290724

Reference no: EM131290724

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