Question: Hello - I need some help with the following problem. I need to fill out a Schedule C, Form 8829, Form 4562, and Schedule SE
Hello - I need some help with the following problem. I need to fill out a Schedule C, Form 8829, Form 4562, and Schedule SE for this scenario: Scenario Jacob Weaver is a contractor operating as a sole proprietorship (EIN 99-3456789). 2016 net income: $133,000. Clients owe him a total of $53,000 for work completed in 2016. 2016 estimated tax payments: $25,000. Jacob and Taylor bought their first house in 2016. He is using a bedroom in his house as a home office. The room is 15' x14'. 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 2016. Martin earned $10,500. Jacob had to spend $7,350 for disabled access equipment for Martin.
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