Betsy's Income Advisory Statement - Betsy Richard
Betsy's Income Advisory Statement - Betsy Richard
Betsy's Income Advisory Statement - Betsy Richard
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7454 / C51020<strong>Betsy</strong> <strong>Richard</strong>137 Memory LnLafayette, LA 70506-3203<strong>Income</strong> <strong>Advisory</strong> <strong>Statement</strong>Tax Year 2008Last Updated: 2/5/2009Date: 12/7/2009Mary Kay Inc.P.O. Box 799040Dallas, TX 75379-9040PHONE: (972) 687-4400FAX: (972) 687-1612The purpose of this <strong>Income</strong> <strong>Advisory</strong> <strong>Statement</strong> is to assist you in the preparation of your federal income taxreturn. <strong>Income</strong> <strong>Advisory</strong> <strong>Statement</strong>s are provided online to all Independent Sales Directors and IndependentBeauty Consultants who received prizes or awards, or earned the use of a career car. <strong>Income</strong> <strong>Advisory</strong><strong>Statement</strong>s are mailed annually to all Independent Sales Directors and Independent Beauty Consultants whoreceived prizes or awards totaling $200 or more or earned the use of a career car.If your wholesale purchases totaled more than $5,000 or you received $600 or more in commissions, prizes andawards, or you had any amount of Federal income tax withheld during the tax year, you should also receive a Form1099-MISC from Mary Kay.RETAIN THIS STATEMENT FOR TAX REPORTING PURPOSESDESCRIPTIONAMOUNTCOMBINED US COMMISSIONS DEC 07 10,269.14JAN 08 6,971.01Combined US Commissions includes applicable Recruiter. FEB 08 7,664.03Director and NSD Commissions and applicable Bonus compensation. MAR 08 8,212.87APR 08 10,444.42MAY 08 8,844.11JUN 08 16,452.18JUL 08 9,119.76AUG 08 10,206.37SEP 08 9,792.58OCT 08 8,132.50NOV 08 9,709.12Combined US Commissions Total 115,818.09PRIZES AND AWARDSPrizes and awards valued at $200 or greater are itemized below.Prizes and awards valued at less than $200 are totaled and listed as Misc.Prizes$500 COMM BONUS 13% CHALLENGE 500.00Ruby 40-59 - Omaha Steaks 252.00COURT CASH SELECTION 410.00Top Director Trip Charm - Prag 237.74$500 Gift Check 500.00Cash $3 750** 3,750.00LIFE INSURANCE 288.00TOP DIRECTOR TRIP 15,927.66NEW YORK TRIP 1,600.00MISC PRIZES 1,059.71
Career Car Program:Auto/Insurance payments made on your behalf 13,532.85Less: Auto/Insurance payments made by you -544.00Net Career Car <strong>Income</strong> Reported On 1099-MISC 12,988.85Total Prizes and Awards 37,513.96Grand Total of Commissions, Prizes, and Awards 153,332.05WHOLESALE INVENTORY PURCHASESWholesale inventory and sales aid purchases are potential businessexpenses. We have provided a summary of your January 2008 throughNovember 2008 purchases. Please review your records and add yourDecember 2008 purchases and PCP Winter 2008 program expenses to thenumbers provided below. (Freight and sales taxes are excluded.)Section 1 Wholesale PurchasesJanuary - November 2008 13,342.75Sales Aid Purchases (Preferred Customer Program, Literature and supplies)January - November 2008 5,563.35
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