Question: Hi ! Can someone help me finish this tax problem? Question is pasted below. Images show question and what I was able to solve on
Hi Can someone help me finish this tax problem? Question is pasted below. Images show question and what I was able to solve on my own. Part A wants us to fill out the Schedule C Form. Part B wants us to fill out the Schedule SE Thanks in advance!
Keiji Jones is the owner of a small retail business operated as a sole proprietorship. During his business recorded
the following items of income and expense:
Required:
a Compute taxable income attributable to the sole proprietorship by completing Schedule C to be included in Keiji's
Form
b Compute selfemployment tax payable on the earnings of Keiji's sole proprietorship by completing a Schedule
SE Form
c Assume that Keiji's business is not a service business, and that it has $ unadjusted basis in tangible
depreciable property. Calculate Keiji's QBI deduction, before any overall taxable income limitation
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