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There's a 1040, schedule C, and Schedule SE. Teacher says the Schedule c and SE are wrong I have submitted an assignment twice for a

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There's a 1040, schedule C, and Schedule SE. Teacher says the Schedule c and SE are wrong

I have submitted an assignment twice for a tax document assignment, and I can't figure out where I am doing the addition wrong and messing up. Below is the question, then the attachments of the submission documents. I think I may need to send more documents, its not letting me attach.

Jacob Weaver is a contractor operating as a sole proprietorship (EIN 12-3456789). 2018 Gross income: $278,322.25.

  • Business expenses:
  • Fuel for equipment $64,080.00
  • Repairs and maintenance $17,342.00
  • Lubricants for Equipment$9,670.00
  • Insurance$6,500.00
  • Wages$6,300.00
  • Vehicles$1,768.00
  • Legal and Professional Expenses$1,750.00
  • Taxes and Licenses$1,412.00
  • Advertising$300.00
  • Clients owe him a total of $53,000, for work completed in 2018.
  • 2018 estimated tax payments were $25,000.
  • He is using a bedroom in his house as a home office. (Square footage of home 5,600Office 240 sq. ft.)
  • He has one half-time employee, Martin, who had been unemployed since returning from Afghanistanand is disabled.
  • Martin worked for Jacob for 20 hours a week, for 41 weeks of 2018. He earned $10,500.
  • Jacob had to spend $7,350 for disabled access equipment for Martin.

Instructions

  • Read the information provided in the scenario above.
  • Download the appropriate forms and publications from IRS.gov for the assessment.
  • Complete the entries on tax forms required for a sole proprietorship return.
  • Analyze official rules and instructions to correctly compute SE tax and SE deduction.
  • 1040sc.
  • 1040sse.
  • Determine whether Jacob's business is eligible for any tax credits. Is Jacob's business eligible to use the Work Opportunity Credit and Disabled Access Credit?
  • Determine eligible business deductions.
  • Interpret official rules and instructions to record correct entries on tax forms.
  • Submit the tax forms.

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