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Income:
Gross receipts $8,010 $18,285
Cost of goods sold:
Cost of labor 6,200 10,275
Materials and supplies 1,383 2,065
Other costs --- 826
Gross income 427 5,119
Expenses:
Advertising 480 566
Car and truck 3,132 ---
Taxes and licences --- 70
Utilities --- 175
Total expenses 3,612 811
Net profit or (loss) (3,185) 4,308
2. Dependency Exemption and Filing Status for 1994 and 1995
During the fall of 1994 and throughout 1995, petitioner was
a full-time student at Eckerd College, located in St. Petersburg,
Florida. Petitioner lived in a dormitory located on Eckerd
College's campus. Petitioner's expenses for tuition, room, and
board were paid through either scholarship proceeds or student
loans. When petitioner was not living at college, petitioner
stayed at a house owned by her aunt, Helen Gorges.4 Mr. Gorges
and Windi also lived in Ms. Gorges' house throughout the years
1994 and 1995. Although there was an agreement that petitioner
and/or Mr. Gorges would pay rent in the amount of $55 per week to
Ms. Gorges, neither petitioner, Mr. Gorges, nor Windi paid rent
to Ms. Gorges during the years in issue.
4 Helen Gorges is Mr. Gorges' mother.
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Last modified: May 25, 2011