Jay and JoAnn Jefferson are married and have a joint consulting business. The business taxable income of $100,000 for 2018 and they both take $35,000 out of the business to live on and leave $26,000 in the business to expand. Here are the business revenue and expenses:

Consulting revenue	$256,000
Salaries expense, employees	100,000
Payroll tax expense	18,000
Owners Draw	70,000
Rent expense	12,000
New Computer equipment (total cost) Claim section 179 deduction	10,000
Travel expense	4,000
Health Insurance (employees)	6,000
Health Insurance (owners)	4,000
Meals	1,000
Entertainment	1,000
Supplies	5,000

The business taxable income of $100,500 for 2018 and they both take $35,000 out of the business to live on and leave $26,000 in the business to expand. (Refer to the income and expenses presented in the introduction to these tax returns.) Assuming Jeff and JoAnn have an unincorporated business that they run as a sole proprietorship, prepare their joint Federal income tax return for 2018. Assume that they have no dependents, do not have any other income or itemized deductions, and they made quarterly Federal income tax payments totaling $24,000. Dont forget to include a standard deduction and personal exemptions (they are each under age 65). You should complete a Schedule C, Schedule SEs, Form 4562, and a Form 1040. Remember the 199A deduction.