Answer the following question based on the tax return you prepared for Stewart and Valerie Loving. Select the advice Valerie's tax preparer should give Valerie as a small business owner:

a) Valerie should limit her expenses; a larger profit from her business means lower taxes.

b) Valerie should take a personal draw from her business account each quarter to limit the

profit her business makes.

c) Because Valerie is a sole proprietor, she is not required to have an employer identification

number; she should use her SSN as her federal identification number.

d) No advice; Valerie is operating her business correctly.