On January 1, 2022, Jessica, a small business owner who does engineering, comes to your accounting firm to seek help in determining whether she should hire some employees. The owner provides you with the following facts: • The business is a single-member LLC (disregarded entity so taxed as a Sole Proprietorship). • No current employees • Projected Business Information: o Business Revenue: $1,200,000 o General Business Expenses: $200,000 o Net Business Income: $1,000,000 • Projected Personal Information: o Spouse's wage: $50,000 from teaching a boring non-tax course at GMU o Always take the Standard Deduction o $0 Personal Exemptions The owner proceeds to tell you they are very proud of the business they built but are now tired of working ~100 hours per week and would like to spend more time with their husband. The owner estimates they are twice as efficient as a new hire would be. Thus, assuming each employee hired works 40 hours per week, then that would reduce the owner's hours by 20 hours per week. The owner figures 5 employees would be the maximum that it would be worth, since 200 employee hours per week is equivalent to 100 boss hours. Market rates for new