The businesss net operating income for the year is 60000, Project Management

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The businesss net operating income for the year is 60000

Enterprise Business Systems pays the $5,000 health and accident insurance policy of its owner, Gena. The business's net operating income for the year is $60,000 before considering Gena's benefit. Determine the business's net income for the year and the tax effects for Gena for each of the following entities:

A sole proprietorship
A partnership
A corporation
An S corporation

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Project Management: The businesss net operating income for the year is 60000

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Project Management: The businesss net operating income for the year is 60000

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