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Assignment Print View 10/28/19, 9:36 AM
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1.
Cassi (SSN 412-34-5670) has a cash-basis home cleaning business she runs as a sole proprietorship. The following are
the results from business operations for the tax year 2018:

Gross receipts
Business mileage: 27,000 (miles incurred ratably throughout the year) 35,000 miles total during
the year 2018
Van (over 6,000 lbs) placed in service 1/01/18, cost 27,000
Postage
$203,000
(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)
Business assets
Computer 1
Computer 2
Printer
Copier
Furniture
Date Purchased
5/18/18
6/01/18
3/01/17
3/02/17
3/01/17
Cost
$ 2,200
2,700
900
2,100
6,000

Determine Cassi’s self-employment income and QBI deduction. Prepare Schedule C and Schedule SE. § 179 expense is
elected on all eligible assets (§ 179 was not taken on assets purchased last year). (Use Table 6A-1)
(Input all the values as positive numbers. Use Rounded values for tax computation. Do not round other
intermediate computations. Round your final answers to nearest whole dollar.)
rev: 03_28_2019_QC_CS-164354, 04_10_2019_QC_CS-165695
!! Schedule C Schedule SE “”
Schedule C page 1 and Schedule SE page 2 for a single taxpayer with no dependents.
Qualified Business Income deduction (QBI)

Schedule C QBI Schedule SE Form 4562 P1 Form 4562 P2
The Qualified Businees Income deduction (QBI) is

Assignment Print View 10/28/19, 9:36 AM
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