Mrs. Singer owns a profitable sole proprietorship. For each of the following cases, use Schedule SE, Form 1040, to compute her 2021 self-employment tax and her income tax deduction for such tax.

a. Mrs. Singer’s net profit from Schedule C was $51,458. She had no other earned income.

b. Mrs. Singer’s net profit from Schedule C was $51,458, and she received a $110,000 salary from an employer.

c. Mrs. Singer’s net profit from Schedule C was $51,458, and she received a $155,000 salary from an employer.

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SCHEDULE C (Form 1040) ►Go to www.irs.gov/ScheduleC for instructions and the latest information. Department of the Treasury Internal Revenue Service (99) ► Attach to Form 1040, 1040-SR, 1040-NR, or 1041; partnerships must generally file Form 1065. Social security number (SSN) Name of proprietor Tom G. Owen A Principal business or profession, including product or service (see instructions) Manufacturing - furniture с Business name. If no separate business name, leave blank. Faux Antiques E F G 1 Part I Profit or Loss From Business (Sole Proprietorship) 2 1 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the "Statutory employee" box on that form was checked. Returns and allowances. Subtract line 2 from line 1 Cost of goods sold (from line 42) Gross profit. Subtract line 4 from line 3 3 4 5 6 7 Business address (including suite or room no.) ► City, town or post office, state, and ZIP code Accounting method: (1) Cash (2) Accrual (3) Other (specify) Did you "materially participate in the operation of this business during 2021? If "No," see instructions for limit on losses If you started or acquired this business during 2021, check here Did you make any payments in 2021 that would require you to file Form(s) 1099? See instructions If "Yes," did you or will you file required Form(s) 1099?. Income Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) Gross income. Add lines 5 and 6 497-45-9058 B Enter code from instructions 33700 D Employer ID number (EIN) (see instr.) 1 2 OMB No. 1545-0074 2021 3₂ 4 5 6 7 Attachment Sequence No. 09 SO Yes No Yes Yes No No 1,117,300 21,000 1,096,300 599,700 496,600 496,600