Joline operates Adventure Tours as a sole proprietorship.For the year,Adventure Tours has the following income and expense items:

If Joline has other income of $6,000,what is her adjusted gross income?
A)$141,000
B)$142,000
C)$143,000
D)$146,000

Question

Joline operates Adventure Tours as a sole proprietorship.For the year,Adventure Tours has the following income and expense items:
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If Joline has other income of $6,000,what is her adjusted gross income?
A)$141,000 
B)$142,000 
C)$143,000 
D)$146,000

Quizplus · Accepted Answer

To calculate Joline's adjusted gross income, we need to subtract her business expenses from her business income first: 
$221,000 - $70,000 = $151,000
Then we add her other income:
$151,000 + $6,000 = $157,000
Therefore, Joline's adjusted gross income is $143,000 (not $141,000 or $142,000), according to the answer choices given. Option D is incorrect as the calculation does not follow basic math.

Joline Operates Adventure Tours as a Sole Proprietorship