Mercedita’s business is had just opened last year. She buys products online and also sells them online. Her business had been earning a profit since then. To obtain how much she earned, Mercedita just deducts all her costs and expenses from her total sales. She wants to know if the method she is using will benefit the business the most. 1. What method is she applying for the business? 2. What would you recommend to Mercedita.

Mercedita’s business is had just opened last year. She buys products online and also sells them online. Her business had been earning a profit since then. To obtain how much she earned, Mercedita just deducts all her costs and expenses from her total sales. She wants to know if the method she is using will benefit the business the most. 1. What method is she applying for the business? 2. What would you recommend to Mercedita.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter9: Deductions: Employee And Self-employed-related Expenses

Section: Chapter Questions

Problem 42P

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