Table 2
1977 1978 1979 1980 1981 1982
Wages, etc. $19,841.96 1 1 1 1 1
Business inc -0- 1 $6,500.00 1 $18,150.00 1 $26,000.00 1$25,000.00 1 $19,032.97
(loss)
Int., div., tax 382.26 265.68 35.08 -0- -0- 8,726.79
refund, cap
gain inc.
(unexplained)
Misc. inc. -0- 5,763.29 -0- -0- -0- -0-
AGI 20,224.22 12,528.97 18,185.08 26,000.00 25,000.00 27,759.76
Ch. 1 tax 1,023.00 24.00 394.00 1,829.00 1,692.00 2,162.00
(regular income)
Ch. 2 taxes -0- 526.50 1,458.00 2,097.90 2,325.00 1,779.58
(self employ-
ment)
1 Petitioners reported this income on Form 1040, line 8 (wages, etc.), and not line 13 (business income). Also,
the retained copy of the tax return did not include a Schedule C or a Schedule SE. However, the amounts of the
self-employment taxes shown on petitioners’ tax returns for 1978 through 1982 appear to be correct for the amount
of income shown.
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