Question: What forms would i use for this problem : Jacob Weaver is a contractor operating as a sole proprietorship (EIN 99-3456789). 2018net income: $133,000. Clients

What forms would i use for this problem : Jacob Weaver is a contractor operating as a sole proprietorship (EIN 99-3456789).

  • 2018net income: $133,000.
  • Clients owe him a total of $53,000 for work completed in 2018.
  • 2018estimated tax payments: $25,000.
  • Jacob and Taylor bought their first house in 2018.
  • 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 2018.
  • Martin earned $10,500.
  • Jacob had to spend $7,350 for disabled access equipment for Martin.

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