Deazia Is the Sole Proprietor of Baldwin Hair Salon That

Multiple Choice

Deazia is the sole proprietor of Baldwin Hair Salon that reported net income of $44,000 for the year. During the year she withdrew $20,000 from the business for personal use. How much income from the above must Deazia include in her taxable income for the year?

A) $20,000
B) $24,000
C) $44,000
D) $64,000