Comprehensive Problem 1 - Part 2: Schedule C, Schedule SE, Schedule D, and Qualified Dividends and Capital Gains Tax Worksheet Notes This problent is divided ints three parts. You will nend to complete sone of the torms in the other parts in order to determina the amounts to be used on Form 1040. Somas of the data intormation will be neproduced in the ather parts for conveninser. Enter all amounts as positive numbers, except for a "loss". If required, enter a "loss" as a negative number on the tax form. If an amount box does not require an entry or the answer is zero, enter "O". On Schedule SE, when required, round amounts to the nearest dollar. Use the rounded amounts in subsequent computations. Information regarding Noah's pet store business is reproduced here. Noah's pet store is located at 1415 S. Patterson Blvd, Dayton, OH 45409 . The name of the store is "The Arc," and its taxpayer identification number is 95-9876556. Since you handle Noah's bookkeeping, you have printed the income statement from your Quickbooks software, shown in the table below. The Are did not claim the COVID-related provisions for the employee retention credit or sick and family leave credits but Noah did defer his self-employment taxes related to The Arc. He estimates 77.5 percent of the profits can be allocated to the period March 27. 2021 throuah December 31, 2021. Substitute 1099 Statement from Charlotte Squab Financial Services Question Content Area Schedule C Question Content Area Complete Schedule C. Part IV Information on Your Vehicle. Complete this part only if yau are daiming car or truck expenses on line. 9 and are not required to file Form 4562 for this business. 5 ene the instructinns for line 13 to find out if you inust file Farm 4562 . 43 When did you place pour yehich in service for businnos purpeses? (monthyday/rear) /f 44 Ot the told fumbor of milec you drove your wahirle during zo21, cnter the number of miles you used your vehicla tor: Schedule SE Question Content Area Complete Schedule SE. When required, round amounts to the nearest dollar. Use the rounded amounts in subsequent computations. and the defirition of church enployee income. 6 Add liner; 4c and 5b fill in the blank e49505096006tuc 5 7 Maximum amount of combined wades and self amployment eamings Ba lotal social security. wages and tigs [total of boxess Form(s) W - 2) and railroad retirame (tier 1) curmpensation, If $142,800 or more, 5si - the bough 104 and go to line Part II Optional Methods To figure Net Laraings (see instructions) Farm optional Method. You may use this method only if (a) rour gross fant Farm Optional Method. You may use this method only if (a) your gross farm income' wasnt in ore thanf $6,820, or (b) pour net farm profits' were less than $5,367, Unirsported tipo subject to b. suchal security 4197 , line 10 Wages subjoct to social. c. from Farmi 8919, line 10 14 Mavinum income for optbanal inethards. d Add lines Ba,8b, and Bc. . . 9 5abtraty line 8d from tine , if zero or loks, enter 0 - here and so line 10 14 Multiply the smaller of line t or line 9 by 12,4% ( 0.124). 10 1 Schedule D Question Content Area Complete Schedule D. Qualified Dividends and Capital Gain Tax Worksheet Question Content Area Complete Qualified Dividends and Capital Gain Tax Worksheet. Schedule D (Form 1040) 2021 Comprehensive Problem 1 - Part 2: Schedule C, Schedule SE, Schedule D, and Qualified Dividends and Capital Gains Tax Worksheet Notes This problent is divided ints three parts. You will nend to complete sone of the torms in the other parts in order to determina the amounts to be used on Form 1040. Somas of the data intormation will be neproduced in the ather parts for conveninser. Enter all amounts as positive numbers, except for a "loss". If required, enter a "loss" as a negative number on the tax form. If an amount box does not require an entry or the answer is zero, enter "O". On Schedule SE, when required, round amounts to the nearest dollar. Use the rounded amounts in subsequent computations. Information regarding Noah's pet store business is reproduced here. Noah's pet store is located at 1415 S. Patterson Blvd, Dayton, OH 45409 . The name of the store is "The Arc," and its taxpayer identification number is 95-9876556. Since you handle Noah's bookkeeping, you have printed the income statement from your Quickbooks software, shown in the table below. The Are did not claim the COVID-related provisions for the employee retention credit or sick and family leave credits but Noah did defer his self-employment taxes related to The Arc. He estimates 77.5 percent of the profits can be allocated to the period March 27. 2021 throuah December 31, 2021. Substitute 1099 Statement from Charlotte Squab Financial Services Question Content Area Schedule C Question Content Area Complete Schedule C. Part IV Information on Your Vehicle. Complete this part only if yau are daiming car or truck expenses on line. 9 and are not required to file Form 4562 for this business. 5 ene the instructinns for line 13 to find out if you inust file Farm 4562 . 43 When did you place pour yehich in service for businnos purpeses? (monthyday/rear) /f 44 Ot the told fumbor of milec you drove your wahirle during zo21, cnter the number of miles you used your vehicla tor: Schedule SE Question Content Area Complete Schedule SE. When required, round amounts to the nearest dollar. Use the rounded amounts in subsequent computations. and the defirition of church enployee income. 6 Add liner; 4c and 5b fill in the blank e49505096006tuc 5 7 Maximum amount of combined wades and self amployment eamings Ba lotal social security. wages and tigs [total of boxess Form(s) W - 2) and railroad retirame (tier 1) curmpensation, If $142,800 or more, 5si - the bough 104 and go to line Part II Optional Methods To figure Net Laraings (see instructions) Farm optional Method. You may use this method only if (a) rour gross fant Farm Optional Method. You may use this method only if (a) your gross farm income' wasnt in ore thanf $6,820, or (b) pour net farm profits' were less than $5,367, Unirsported tipo subject to b. suchal security 4197 , line 10 Wages subjoct to social. c. from Farmi 8919, line 10 14 Mavinum income for optbanal inethards. d Add lines Ba,8b, and Bc. . . 9 5abtraty line 8d from tine , if zero or loks, enter 0 - here and so line 10 14 Multiply the smaller of line t or line 9 by 12,4% ( 0.124). 10 1 Schedule D Question Content Area Complete Schedule D. Qualified Dividends and Capital Gain Tax Worksheet Question Content Area Complete Qualified Dividends and Capital Gain Tax Worksheet. Schedule D (Form 1040) 2021