IVE PROBLEM 4 With Emphasis on Schedule C Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898. Shelly's W-2 wages $55,800 9,044 55,800 3.460 809 3,348 532 Federal withholding Social security wages Social security withholding Medicare withholding State withholding 1099-INT New Bank 1099-DIV XYZ, Inc. Ordinary dividends Qualified dividends 258 258 Shelly had the following itemized deductions: s 3,348 600 4,200 11,800 2,500 State income tax withholding (from W-2) State income tax paid with 2017 return Real estate tax Mortgage interest Charitable contributions Appendix 8 Comprehensive Problems B-5 Shelly also started her own home design consulting business in March 2018. The results of her business operations for 2018 follow: $154,000 Gross receipts from clients Vehicle mileage 21,000 business miles (2,100 per month) 32.000 total miles during the year 2010 Chevy Suburban Placed in service 03/O 1/18 (750) (1,500) (155) (5,300) (2,500) (1.000) (550) Postage Office supplies State license fees Supplies Professional fees Design software Professional education programs (registration) Travel to education program Airplane (350) Lodging $119ight x 3 nights Meals per diem 3 days Business Assets Date Purchased Cost Laptop Computer Printer Copier Furnit 6/08/18 3/05/18 3/01/18 6/02/18 4/01/18 3/01/18 $ 2,500 5,700 1,800 1,700 5,000 175,000 iture Building Phone (600) (450) (8,300) (1,700) Internet service Rent Insurance Shelly made a $29,000 estimated tax payment on September 15, 2018. Required Prepare Shelly's Form 1040 for 2018 including all of the supplementary schedules. Schedule A, Schedule B, Schedule C, Form 4562, and Schedule SE are required. Section 179 is elected on all eligible assets in 2018. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Shelly had qualifying health care coverage at all times during the tax year. We have provided filled-in source documents that are available in Connect. For any missing information, make reasonable assumptions. IVE PROBLEM 4 With Emphasis on Schedule C Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898. Shelly's W-2 wages $55,800 9,044 55,800 3.460 809 3,348 532 Federal withholding Social security wages Social security withholding Medicare withholding State withholding 1099-INT New Bank 1099-DIV XYZ, Inc. Ordinary dividends Qualified dividends 258 258 Shelly had the following itemized deductions: s 3,348 600 4,200 11,800 2,500 State income tax withholding (from W-2) State income tax paid with 2017 return Real estate tax Mortgage interest Charitable contributions Appendix 8 Comprehensive Problems B-5 Shelly also started her own home design consulting business in March 2018. The results of her business operations for 2018 follow: $154,000 Gross receipts from clients Vehicle mileage 21,000 business miles (2,100 per month) 32.000 total miles during the year 2010 Chevy Suburban Placed in service 03/O 1/18 (750) (1,500) (155) (5,300) (2,500) (1.000) (550) Postage Office supplies State license fees Supplies Professional fees Design software Professional education programs (registration) Travel to education program Airplane (350) Lodging $119ight x 3 nights Meals per diem 3 days Business Assets Date Purchased Cost Laptop Computer Printer Copier Furnit 6/08/18 3/05/18 3/01/18 6/02/18 4/01/18 3/01/18 $ 2,500 5,700 1,800 1,700 5,000 175,000 iture Building Phone (600) (450) (8,300) (1,700) Internet service Rent Insurance Shelly made a $29,000 estimated tax payment on September 15, 2018. Required Prepare Shelly's Form 1040 for 2018 including all of the supplementary schedules. Schedule A, Schedule B, Schedule C, Form 4562, and Schedule SE are required. Section 179 is elected on all eligible assets in 2018. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Shelly had qualifying health care coverage at all times during the tax year. We have provided filled-in source documents that are available in Connect. For any missing information, make reasonable assumptions