or this assessment, you will need to complete a Form 1040, Form 4562, Schedule C, and Schedule SE and submit them as file uploads. The PDF forms are available here and in the assessment instructions.

Jayne Smith is single with no dependents and is the sole proprietor of a consulting business. In 2015, she had gross receipts of $530,000. She also incurred the following expenses:

Advertising	7,000
Employee Salaries	90,000
Employee Health Insurance Premiums	13,500
Health Insurance for Jayne	3,500
Meals and entertainment	6,000
Office Rent	14,000
Supplies	14,000
Taxes and licenses	12,000
Travel - lodging only	6,000
Utilities	4,800
Parking and tolls	150
Car - insurance	3,600
Car - fuel	1,800

She also made some purchases, which she wants to maximize:

A new car for business use for $42,000. She drove 25,000 total miles of which 20,000 were for business and the remaining were personal use.

Purchased new computer technology equipment for $40,000.

Purchased 7-year fixtures on April 1 for $100,000 and on September 1 for $150,000.

Jayne has no itemized deductions or other income. She did make estimated income tax payments to the IRS for $15,000. She wants to maximize her deductions in this tax year.

Prepare all necessary tax forms for Jayne's return and submit.