• Complete the entries on tax forms required for a sole proprietorship return.
• Analyze official rules and instructions to correctly compute SE tax and SE deduction.
• 1040sc
• 1040sse

Jacob Weaver is a contractor operating as a sole proprietorship (EIN 99-3456789).

• 2018net income: $133,000.
• Clients owe him a total of $53,000 for work completed in 2018.
• 2018estimated tax payments: $25,000.
• Jacob and Taylor bought their first house in 2018.
• He is using a bedroom in his house as a home office. The room is 15' x14'.
• He has one half-time employee, Martin, who had been unemployed since returning from Afghanistan and is disabled.
• Martin worked for Jacob for 20 hours a week, for 41 weeks of 2018.
• Martin earned $10,500.
• Jacob had to spend $7,350 for disabled access equipment for Martin.