Well, he spent $1k and $3k and received $2k and $4k. This would mean he spent $4k out of pocket and put $6k back in for a gross income of $2k. Then of course you have to take out sales tax and title transfer fees associated with the purchase. Those vary by location so I'll leave them as variables here.
Well, he spent $1k and $3k and received $2k and $4k. This would mean he spent $4k out of pocket and put $6k back in for a gross income of $2k. Then of course you have to take out sales tax and title transfer fees associated with the purchase. Those vary by location so I'll leave them as variables here.