Jordan Is the Sole Proprietor of Adams Company That Reported

Multiple Choice

Jordan is the sole proprietor of Adams Company that reported net income of $57,000 for the year.During the year he withdrew $11,000 from the business for personal use.Jordan is in the 25% marginal tax bracket.How much income from the above must Jordan include in his taxable income for the year?

A) $68,000
B) $57,000
C) $14,250
D) $11,000