Question: Comp Problem 4 With emphasis on schedule C Selly Beaman ( social security number 4 1 2 - 3 4 - 5 6 7 0

Comp Problem 4 With emphasis on schedule C Selly Beaman (social security number 412-34-5670) is single and resides at 540 front st, Ashland, NC 27898 Shelly w-2 wages 55800 Federal withholding 6439 Social security wages 55800 Social security withholding 3460 Medicare withholding 8091099-int new bank 10261099-div XYZ inc Ordinary dividends 771 Qualified dividends 522 Shelly had the following itemized deductions: State income tax withholding(from w-2)3148 State income tax paid with 2023 return 600 Real estate tax 4350 Mortgage interest 11739 Charitable contributions 3050 Shelly also started her own home design constulting business in March 2024. The results of her business operations for 2024 follow: Gross receipts from clients 161487 Vehicle mileage 21000 business miles (2100 per month)32000 miles total during the year 2017 chevy suburban Placed in service 03/01/24 Postage (750) Office supplies (1500) State license fees (155) Supplies (5300) Professional fees (2500) Designs software (1000) Professional education programs (registration)(550) Travel to education program Airplane (350) Lodging 119/night*3 nights Meals per diem 3 days Business assets Laptop purchased 6/8/242500 Computer purchased 3/5/245700 Printer purchased 3/1/241800 Copier purchased 6/2/241700 Furniture purchased 4/1/245000 Building purchased 3/1/24175000 Phone (600) Internet (450) Rent (8857) Insurance (1700) Shelly made a 30,000 estimated tax payment on April 10,2024. Required: prepare shellys form 1040 including all appropriate schedules. Schedule a, schedule b, schedule c, form 4562, and schedule SE are required. Section 179 in elected on all eligible assets. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. For any missing information, make reasonable assumptions.

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