Cassi Taxpayer (SSN 412-34-5670) who is single, has a home cleaning business she runs as a sole proprietorship. The following are the results from business operations for the tax year 2014:
Gross receipts ....................................................................$203,000
Business mileage: 27,000 (miles incurred ratably throughout the year) 35,000 miles total during the year 2014 Van (over 6,000 lbs) placed in service 1/01/14, cost 27,000
Postage ................................................................................ (500)
Wages .............................................................................. (26,000)
Payroll taxes ........................................................................ (1,950)
Supplies ............................................................................ (12,500)
Phone ............................................................................... (1,250)
Internet service ........................................................................ (600)
Rent .................................................................................. (2,400)
Insurance ............................................................................ (2,800)
Van expenses ....................................................................... (4,500)

Determine Cassi's self-employment income and prepare Schedule C and Schedule SE. § 179 expense is elected on all eligible assets (§ 179 was not taken on assets purchased last year).

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Business assets Computer 1 Computer 2 Printer Copier Furniture Date Purchased 5/18/14 6/01/14 3/01/13 3/02/13 3/01/13 Cost $2,200 2,700 900 2,100 6,000 Mi/13