Question
I need help please. It says to prepare schedule C and SE. Cassi (SSN 412-34-5670) has a cash-basis home cleaning business she runs as a
I need help please. It says to prepare schedule C and SE.
Cassi (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 2017:
Gross receipts$203,000 Business mileage: 27,000 (miles incurred ratably throughout the year) 35,000 miles total during the year 2017 Van (over 6,000 lbs) placed in service 1/01/17, cost 27,000 Postage (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 Date Purchased Cost
Computer 15/18/17 $2,200
Computer 26/01/17 2,700
Printer 3/01/16 900
Copier 3/02/16 2,100
Furniture 3/01/16 6,000
Determine Cassi's self-employment income and prepare Schedule C and Schedule SE. § 179 expense is elected on all eligible assets (§ 179 was not taken on assets purchased last year). (Use Table 6A-1)
(Input all the values as positive numbers. Use Rounded values for tax computation. Do not round other intermediate computations. Round your final answers to nearest whole dollar.)
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