identify the tax issue(s) posed by the facts presented. Determine the possible tax consequences of..

identify the tax issue(s) posed by the facts presented.
Determine the possible tax consequences of each issue that you identify.

Joey and Camilla are married and have three children, ages
8, 16, and 18. They own a commercial cleaning business that is organized as a
sole proprietorship and makes $120,000 annually. They have $30,000 of other
taxable income (net of allowable deductions).