Page 2 of 20
You are 17 years old and single. You are a U.S. citizen. You live in the United States with your mother, who pays for all of the costs of maintaining your home.
You are a full-time high school student. After school and on weekends, you take care of pets while their owners are traveling. You are not an employee. You are correctly classified as an independent contractor.
It's the last day of the year. You earned $1,700.00 by walking dogs as well as by feeding various pets, including dogs, cats, and birds.
You have receipts for all of the business expenses.
You deposit your earnings in a savings account. You will use the money to pay for your college education. During the year you earned $54.00 of interest income on your savings. Your mother provided all of your support.
To review your personal information, click My Profile below.