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 With emphasis on schedule C Selly Beaman social security number is single and resides at front st Ashland, NC Shelly w wages Federal withholding Social security wages Social security withholding Medicare withholding int new bank div XYZ inc Ordinary dividends Qualified dividends Shelly had the following itemized deductions: State income tax withholdingfrom w State income tax paid with return Real estate tax Mortgage interest Charitable contributions Shelly also started her own home design constulting business in March The results of her business operations for follow: Gross receipts from clients Vehicle mileage business miles per month miles total during the year chevy suburban Placed in service Postage Office supplies State license fees Supplies Professional fees Designs software Professional education programs registration Travel to education program Airplane Lodging night nights Meals per diem days Business assets Laptop purchased Computer purchased Printer purchased Copier purchased Furniture purchased Building purchased Phone Internet Rent Insurance Shelly made a estimated tax payment on April Required: prepare shellys form including all appropriate schedules. Schedule a schedule b schedule c form and schedule SE are required. Section in elected on all eligible assets. She wants to contribute to the presidential election campaign and does not want anyone to be a thirdparty designee. For any missing information, make reasonable assumptions.
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