Cassi Sosby (SSN 412-34-5670) has a cash-basis home cleaning business she runs as a sole proprietorship. The following are the results from business operations for the tax year 2021:

Gross receipts: $203,000

Expenses:

Postages: (500)

Wages: (26,000)

Payroll taxes: (1,950)

Supplies: (12,500)

Phone: (1,250)

Internet service: (600)

Rent: (2,400)

Insurance: (2,800)

Van expenses: (4,500)

Business assets. Date Purchased Cost

Van. 1/1/21 $27,000

Computer 1 1/18/21 $2,200

Computer 2 1/16/21 $2,700

Printer 3/1/21 $900

Copier 3/2/20 $2,100

Furniture 3/1/21 $6,000

Required:

Determined Cassis self-employment income. Prepare Schedule C, Schedule SE, and Form 4562. (179 was not taken on assets purchases in 2020 and 2021).

Note: Input all the values as positive numbers. Do not round other intermediate computations. Round your final answers to the nearest whole dollar.

E Business address (including suite or room no.) City, town or post office, state, and ZIP code F Accounting method: (1) Cash F(2) Accrual (3) Other (specify) G Did you 'materially participate' in the operation of this business during 2021? If 'No,' see instructions for loss limits. H 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 all required Forms 1099? J Part I 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 Retums and allowances Subtract line 2 from line 1 Cost of goods sold (from line 42) Gross profit. Subtract line 4 from line 3 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) 7 Gross income. Add lines 5 and 6 Part II Expenses. Enter expenses for business use of your home only on line 30 . Advertising. ... (see instructions). . 10 Commissions and fees . 11 Contract labor (see instructions) 12 Depletion ................ 13 Depreciation and section 179 expense deduction (not ineluded in Part III) (see instructions) ...... 14 Employee benefit programs (other than on line 19 ) Insurance (other than health) 1516InsuranceInterest: a Mortgage (paid to banks, etc.) ...... - b Cther, . . . ...... Total expenses before expenses for business use of 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see instructions). Simplified method filers only: enter the total square footage of: (a) your home: and (b) the part of your home used for business: Use the Simplified Method Worksheet in the inst 31 Net profit or (loss). Subtract line 30 from line 29. - If a profit, enter on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2 (If you checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, line 3. - If a loss, you must go to line 32 . 32 If you have a loss, check the box that describes your investment in this activity. See instructions. - If you checked 32a, enter the loss on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2. (If you checked the box on line 1, see the line 31 instructions). Estates and trusts, enter on Form 1041, line 3. - If you checked 32b. you must attach Form 6198. Your loss may be limited. For Paperwork Reduction Act Notice, see the separate instructions. Cot. No. 11334P Schodule C (Form 1040) 2021 E Business address (including suite or room no.) City, town or post office, state, and ZIP code F Accounting method: (1) Cash F(2) Accrual (3) Other (specify) G Did you 'materially participate' in the operation of this business during 2021? If 'No,' see instructions for loss limits. H 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 all required Forms 1099? J Part I 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 Retums and allowances Subtract line 2 from line 1 Cost of goods sold (from line 42) Gross profit. Subtract line 4 from line 3 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) 7 Gross income. Add lines 5 and 6 Part II Expenses. Enter expenses for business use of your home only on line 30 . Advertising. ... (see instructions). . 10 Commissions and fees . 11 Contract labor (see instructions) 12 Depletion ................ 13 Depreciation and section 179 expense deduction (not ineluded in Part III) (see instructions) ...... 14 Employee benefit programs (other than on line 19 ) Insurance (other than health) 1516InsuranceInterest: a Mortgage (paid to banks, etc.) ...... - b Cther, . . . ...... Total expenses before expenses for business use of 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see instructions). Simplified method filers only: enter the total square footage of: (a) your home: and (b) the part of your home used for business: Use the Simplified Method Worksheet in the inst 31 Net profit or (loss). Subtract line 30 from line 29. - If a profit, enter on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2 (If you checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, line 3. - If a loss, you must go to line 32 . 32 If you have a loss, check the box that describes your investment in this activity. See instructions. - If you checked 32a, enter the loss on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2. (If you checked the box on line 1, see the line 31 instructions). Estates and trusts, enter on Form 1041, line 3. - If you checked 32b. you must attach Form 6198. Your loss may be limited. For Paperwork Reduction Act Notice, see the separate instructions. Cot. No. 11334P Schodule C (Form 1040) 2021