Cardi Bieber is a self-employed electrician. Her business, Bieber Electrical, is located at 340 Cowboy Dr. Stillwater, OK. 74078. Cardis Social Security number is 123-45-6789 and she uses the cash method of accounting. Her Employer Identification Number (EIN) is 112-233-4455. She has one employee that goes to all of the electrical jobs with her. For the current year she has the following revenue and expenses:

Revenue $185,890

Gross salary expense 46,000

Social Security/Medicare taxes (Employer portion) 3,519

Employee withholding:

Social Security/ Medicare taxes 3,519

Federal tax withholding 6,200

State tax withholding 1,640

Other employer payroll taxes 875

Advertising 2,200

Utilities 930

Phone 970

Postage 120

Accounting fees 1,100

Legal fees 625

Insurance 3,000

Rent paid 12,000

Country Club dues 500

Cardi uses her truck for both business and personal purposes. The truck cost $44,700. She drives the truck 15,000 miles for business and drives it a total of 7,500 miles during the year for personal purposes and commuting. Her husband uses another vehicle. The total expenses for the automobile are: repairs and maintenance, $360, insurance, $2,000 (due to several speeding tickets), gasoline $2,455, interest on car loan, $1,234, and depreciation, $2,300. Cardi took an electrical job in Tyler, Texas that lasted 2 weeks. She incurred hotel costs of $1,100 and food of $700 during that trip.

Instructions:

Complete Schedule C (Profit or Loss from Business) and Schedule SE (Self-Employment Tax) using the above information. You also need to include a TYPED (Excel is fine) Schedule C attachment that includes a breakdown of any lines on the form where you have combined items to arrive at a number. Both auto expense methods should be calculated and shown on your attachment. Forms and instructions can be downloaded from the IRS web site: http://www.irs.gov/ (Links to an external site.)formspub/index.html.