Question

Test-Annual Federal Tax Refres her (2019) DOMAIN 2- 2.4 Schedule C, Self-Employment: 2.4.1 Determination of Income & Expenses Question 28 of 100. All of the following income or services were provided by Beverly in 2019. What is her gross income from her self- employment as a piano teacher? $9,150 for 183 piano lessons given in 2019. $250 payment for five piano lessons that will take place in January 2020. $720 received for sheet music that Beverly bought from a distributor and sold at cost. A $325 makeover from a spa owner in exchange for five piano lessons. (No cash changed hands.) $9,725 O $10,120 $10,195 $10,445 ds Mark for follow up

option A - $9725 was wrong

Answer 1

Answer - $10,445

Amount received for Piano lessons given in 2019	$9,150
Payment received for 5 Piano lessons	$250
Amount received for sheet music	$720
Barter services in SPA	$325
Gross Income	$10,445