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Question

7.

What is Stella's 2018 adjusted gross income ("AGI") that will be reported on Form

1040, Line

7?

Round all calculations to 0 decimal places.


Description  Amount

Cash received in January 2018 for services performed

in December 2017

$2,000

Cash received in 2018 for services performed in 2018

$24,750

Cash received in January 2019 for services performed

in December 2018

$2,250

Pet-grooming supplies, leashes and squeaky toys

(Stella does not personally own any pets)

$600

Accountant's fees paid in January 2018 for

Quickbooks services performed in December 2017

$50

Accountant's fees paid in 2018 for Quickbooks

services performed in 2018

$660

Accountant's fees paid in January 2019 for

Quickbooks services performed in December 2018

$60

Business-related meals with current clients

$900

Business-related meals with prospective clients

$540

Meals with current clients who are also close friends

with Stella (no business was discussed during the

meals)

$375

Tickets to a local dog competition to entertain current

clients (business was discussed during the show)

$1,600

2018 Vehicle Personal Property Taxes (Total)

$510

2018 Vehicle Mileage (Total)

10,000

2018 Vehicle Mileage (Business)

4,000


2018 Vehicle Mileage (Personal)

6,000

2018 Standard Mileage Rate

$0.545

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