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.

SCHEDULE SE (Form 1040) Self-Employment Tax a 15450074 Note: If your only income subject to self-employment tax is church employee income, see instructions for how to report your income and the definition of church employee income. A If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had $400 or more of other net earnings from self-employment, check here and continue with Part I .. Skip lines 1a and 1b if you use the farm optional method in Part II. See instructions. 1a Net farm profit or (loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065), box 14 , code A b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code AH Skip line 2 if you use the nonfarm optional method in Part II. See instructions. 2 Net profit or (loss) from Schedule C, line 31; and Schedule K-1 (Form 1065), box 14, code A (other than farming). See instructions for other income to report or if you are a minister or member of a religious order 3 Combine lines 1a,1b, and 2 . Note: If line 4a is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions b If you elect one or both of the optional methods, enter the total of lines 15 and 17 here c Combine lines 4a and 4b. If less than $400, stop; you don't owe self-employment tax. Exception: If less than $400 and you had church employee income, enter -0-and continue 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income b Multiply line 5a by 92.35% (0.9235). If less than $100, enter 0 - 6 Add lines 4c and 5b 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2021 8a Total social security wages and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tier 1) compensation. If $142,800 or more, skip lines lines 8b through 10 , and go to line 11 b Unreported tips subject to social security tax from Form 4137, line 10 c Wages subject to social security tax from Form 8919 , line 10 d Add lines 8a,8b, and 8c 9 Subtract line 8d from line 7. If zero or less, enter -0- here and on line 10 and go to line 11 10 Multiply the smaller of line 6 or line 9 by 11 Multiply line 6 by 2.9%(0.029) 12 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 2 (Form 1040), line 4 13 Deduction for one-half of self-employment tax. Multiply line 12 by 50%(0.50). (Form 1040), line 15 Enter the result here and on Schedule 1 Part II Optional Methods To Figure Net Earnings (see instructions) Farm Optional Method. You may use this method only if (a) your gross farm income 1 was not more than $8,820 or (b) your net farm profits were less than $6,367. 14 Maximum income for optional methods 15 Enter the smaller of: two-thirds (2/3) of gross farm income 1 (not less than zero) or $5,880 Also, include \begin{tabular}{|c|c|} \hline 1a & \\ \hline 1b & \\ \hline 2 & \\ \hline 3 & \\ \hline 4a & \\ \hline 4b & \\ \hline 4c & \\ \hline & \\ \hline 5b & \\ \hline 6 & \\ \hline 7 & \\ \hline & \\ \hline & \\ \hline 9d & \\ \hline 9 & \\ \hline 10 & \\ \hline 11 & \\ \hline 12 & \\ \hline \end{tabular} 1 From Sch F, line 9 , and Sch. K-1 (Form 1065), bax 14, code B. 2 From Sch. F, line 34 , and Sch K-1 (Form 1065), box, 14, code A- minus the amourt you 3 From Sch C, ine 31; and Sch K-1 (Form 1065), box 14, code A. For Paperwork Reduction Act Notice, see your tax return instructions. 4 Fram Sch. C, line 7; and Sch, K-1 (Form 1065), bax 14, code C. Cat. No. 113587 Schedule SE (Form 1040) 2021