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Using the information below, prepare a sole proprietorship tax return using the form from the IRS.Gov website (for 2019 tax year): Jacob Weaver is a

Using the information below, prepare a sole proprietorship tax return using the form from the IRS.Gov website (for 2019 tax year):
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Jacob Weaver is a contractor operating as a sole proprietorship (EIN 12-3456789). 2019 Gross income: $278,322.25. Business expenses: o Fuel for equipment $64,080.00 Repairs and maintenance $17,342.0d Lubricants for Equipment $9,670.00 o 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 2019. 2019 estimated tax payments were $25,000. He is using a bedroom in his house as a home office. (Square footage of home 5,600 Office 240 sq. ft.) He has one half-time employee, Martin, who had been unemployed since returning from Afghanistan and is disabled. Martin worked for Jacob for 20 hours a week, for 41 weeks of 2019. He earned $10,500. Jacob had to spend $7,350 for disabled access equipment for Martin. Jacob Weaver is a contractor operating as a sole proprietorship (EIN 12-3456789). 2019 Gross income: $278,322.25. Business expenses: o Fuel for equipment $64,080.00 Repairs and maintenance $17,342.0d Lubricants for Equipment $9,670.00 o 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 2019. 2019 estimated tax payments were $25,000. He is using a bedroom in his house as a home office. (Square footage of home 5,600 Office 240 sq. ft.) He has one half-time employee, Martin, who had been unemployed since returning from Afghanistan and is disabled. Martin worked for Jacob for 20 hours a week, for 41 weeks of 2019. He earned $10,500. Jacob had to spend $7,350 for disabled access equipment for Martin

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