Justin Bieber is a self-employer electrician who exclusively uses a room in his home to perform the administrative functions related to his business, Bieber Electrical. His business is located at 340 Screaming Eagle Dr. Denton TX, 76204. Justin's Social Security number is 136-42-5677 and he uses the cash method of accounting. He has one employee that goes to all of the electrical jobs with him. For the current year he has the following revenue and expenses:

Revenue 175890

Gross salary expense 46000

Social Security taxes (employer portion) 3519

Employee withholding:

Social Security taxes 3519

Federal taxes 6200

State taxes 1640

Other employer payroll taxes 875

Advertising 2200

Utilities 930

Phone 970

Postage 120

Accounting fees 1100

Legal fees 625

Insurance 3000

Justin uses his truck for both business an personal purposes. The truck cost 44700. He drives the truck 15000 miles for business and drives a total of 7500 miles during the year for personal purposes. The total expenses for the car are:

repair and maintenance 360

insurance 2000 ( due to several speeding tickets)

gas 2455

loan 1234

depreciation 2300

Justin took an electrical job in Tyler, Texas that lasted 2 weeks. He incurred hotel costs of 1100 and food 700.

Assignment:

Complete Schedule C (profit or loss from business) and Schedule SE (self-employment tax) using above information.