need help completing the rest of form 1040

how do you calculate the qualified business income? ive already completed the other forms (schedule 1,4,5 A,B,C,H SE& forms 8959 and 8960)

if you need any of the other info please let me know.

FUn Paragraph Styles Comprehensive Problem 6-2A Richard McCarthy (born 2/14/64; Social Security number 100-10-9090) and Christine McCarthy (born 6/1/1966; Social security number 101-21-3434) have a 19-year-old son (born 10/2/99 Social Security number 555-55-1212), Jack who is a full-time student at the University of Key West. The McCarthys also have a 12-year-old daughter (Social Security number 444-23-1212), Justine, that lives with then. Richard is the CEO at a national paper company. His Form W-2 is provided. Christine is an optometrist and operates her own practice ("The Eyes of March") in town as a sole proprietor. The shop address is 1030 Morgan Highway, Clarks Summit, PA 18411 and the business code is 621320. Christine keeps her books on the accrual basis and her bookkeeper provided the following information: Gross sales $270,000 Returns 9,000 Inventory: Beginning inventory $24,000 Purchases 120,000 Ending inventory 30,000 Rent 24,000 Insurance 11,000 Professional fees 3,000 Payroll 37,000 Payroll taxes 2,800 4,000 Utilities Office expenses 2,000 5,000 Depreciation The McCarthYS have a nanny/housekeeper they paid s12,000 during 2018. They did not withhold ineelnsAntawE5o end Font Paragraph Styles Depreciation 5,000 The McCarthys have a nanny/housekeeper they paid $12,000 during 2018. They did not withhold income or FICA taxes. The McCarthys paid Pennsylvania state unemployment tax of $378 (based on the first $7,000 of wages) in 2018. Christine received a 2018 Form 1099-INT from the National Bank of Scranton that listed interest income of $23,400. Note that McCarthys reasonably allocate $1,278 to state income tax expense for purposes of the Net Investment Income tax. The McCarthys paid the following in 2018: Home mortgage interest $15,600 Property taxes 5,600 Estimated state income tax payments 3,000 Estimated Federal income tax payments 11,000 Charitable contributions (all cash) 7,600 Required: Complete the McCarthys federal tax return for 2018. Use Form 1040, Schedule 1, Schedule 4, Schedule 5, Schedule A, Schedule B, Schedule C, Schedule H, Schedule SE, Form 8959, and Form 8960 to complete this tax return. Make realistic assumptions about any missing data. The taxpayers had health insurance coverage for the entire year and do not want to contribute to the presidential election campaign. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "O". If required, round any dollar amount to the nearest dollar. 6 Homework eBook Calculator Instructions Richard's Form W-2 Form 1040 Schedule 1 Schedule 4 Schedule 5 Schedule A Schedu Richard's Form W-2 a Employee's social security number Safe, accurate, Visit the IR IRS e N file OMB No. 1545-0008 100-10-9090 FAST! Use www.irs.go b Employer identification number 1 Wages, tips, other compensation 2 Federal income tax withheld (EIN) 230,000.00 66,000.00 32-5656567 c Employer's name, address, and ZIP 3 Social security wages 4 Social security tax withheld code 128,400.00 7,960.80 Mufflin-Dunder Paper 5 Medicare wages and tips 6 Medicare tax withheld 302 Lackawanna Ave. 230,000.00 3,605.00 Scranton, PA 18503 7 Social security tips 8 Allocated tips Check My Work FUn Paragraph Styles Comprehensive Problem 6-2A Richard McCarthy (born 2/14/64; Social Security number 100-10-9090) and Christine McCarthy (born 6/1/1966; Social security number 101-21-3434) have a 19-year-old son (born 10/2/99 Social Security number 555-55-1212), Jack who is a full-time student at the University of Key West. The McCarthys also have a 12-year-old daughter (Social Security number 444-23-1212), Justine, that lives with then. Richard is the CEO at a national paper company. His Form W-2 is provided. Christine is an optometrist and operates her own practice ("The Eyes of March") in town as a sole proprietor. The shop address is 1030 Morgan Highway, Clarks Summit, PA 18411 and the business code is 621320. Christine keeps her books on the accrual basis and her bookkeeper provided the following information: Gross sales $270,000 Returns 9,000 Inventory: Beginning inventory $24,000 Purchases 120,000 Ending inventory 30,000 Rent 24,000 Insurance 11,000 Professional fees 3,000 Payroll 37,000 Payroll taxes 2,800 4,000 Utilities Office expenses 2,000 5,000 Depreciation The McCarthYS have a nanny/housekeeper they paid s12,000 during 2018. They did not withhold ineelnsAntawE5o end Font Paragraph Styles Depreciation 5,000 The McCarthys have a nanny/housekeeper they paid $12,000 during 2018. They did not withhold income or FICA taxes. The McCarthys paid Pennsylvania state unemployment tax of $378 (based on the first $7,000 of wages) in 2018. Christine received a 2018 Form 1099-INT from the National Bank of Scranton that listed interest income of $23,400. Note that McCarthys reasonably allocate $1,278 to state income tax expense for purposes of the Net Investment Income tax. The McCarthys paid the following in 2018: Home mortgage interest $15,600 Property taxes 5,600 Estimated state income tax payments 3,000 Estimated Federal income tax payments 11,000 Charitable contributions (all cash) 7,600 Required: Complete the McCarthys federal tax return for 2018. Use Form 1040, Schedule 1, Schedule 4, Schedule 5, Schedule A, Schedule B, Schedule C, Schedule H, Schedule SE, Form 8959, and Form 8960 to complete this tax return. Make realistic assumptions about any missing data. The taxpayers had health insurance coverage for the entire year and do not want to contribute to the presidential election campaign. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "O". If required, round any dollar amount to the nearest dollar. 6 Homework eBook Calculator Instructions Richard's Form W-2 Form 1040 Schedule 1 Schedule 4 Schedule 5 Schedule A Schedu Richard's Form W-2 a Employee's social security number Safe, accurate, Visit the IR IRS e N file OMB No. 1545-0008 100-10-9090 FAST! Use www.irs.go b Employer identification number 1 Wages, tips, other compensation 2 Federal income tax withheld (EIN) 230,000.00 66,000.00 32-5656567 c Employer's name, address, and ZIP 3 Social security wages 4 Social security tax withheld code 128,400.00 7,960.80 Mufflin-Dunder Paper 5 Medicare wages and tips 6 Medicare tax withheld 302 Lackawanna Ave. 230,000.00 3,605.00 Scranton, PA 18503 7 Social security tips 8 Allocated tips Check My Work