Gross sales and on line 23 for taxes and licenses

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Reference no: EM133612297

Question: Steve has a part-time business as an author. He sells his books at trade shows, community events and other venues. Last year he sold 1,200 books at $16 each, and collected an additional $1.50 per book in State Sales Tax that he was required to pay to the State. What amounts should he report on Schedule C line 1 for gross sales and on line 23 for taxes and licenses?

Reference no: EM133612297

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