Richard, you would be correct. I studied accounting years ago. Gross Profit is 20 000. Net is 15 000. They would be taxed on the 15 000.
Grumpy Gussie
Richard, you would be correct. I studied accounting years ago. Gross Profit is 20 000. Net is 15 000. They would be taxed on the 15 000.
Anne
Meowmie to Lucy Lou and Barney, and Aunt to Timmy (RIP)
Former kitties now in foster care: Nellie aka Eleanor van Fluffytail (at a Cat Cafe), Lady Jane Grey, Bob the Bobtail, and Callie. Kimi has been adopted into another family that understands Siamese. HRH Oliver Woodrow von Katz is in a Sanctuary.
I'm Homeless, but with resources, and learning to live again.
RIP Timmy (nephew kitty) May 17, 2018, Mr. Spunky (May 10, 2017), Samwise (Dec 2, 2014), Emily (Oct 8, 2013), Rose (Sept 24, 2001), Maggie (Fall 2003)
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