Cassi Taxpayer (SSN 412-34-5670) who is single, has a home cleaning business she

Question

Cassi Taxpayer (SSN 412-34-5670) who is single, has a home cleaning business she runs as a sole proprietorship. The following are the results from business operations for the tax year 2014:

Gross receipts $203,000
Business mileage: 27,000 (miles incurred ratably throughout the year) 35,000 miles total during the year 2014
Van (over 6,000 lbs) placed in service 1/01/14, cost 27,000
Postage (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 Date Purchased Cost
Computer 1 5/18/14 $2,200
Computer 2 6/01/14 2,700
Printer 3/01/13 900
Copier 3/02/13 2,100
Furniture 3/01/13 6,000

Determine Cassis self-employment income and prepare Schedule C and Schedule SE. 179 expense is elected on all eligible assets ( 179 was not taken on assets purchased last year).

I got the Schedule C done but I am needing help figuring out what part of Scehdule SE to use.

Explanation / Answer

You are required to use Section B—Long Schedule SE, Part I Self-Employment Tax because  total of her wages and tips subject to social security or railroad retirement (tier 1) tax plus your net earnings from self-employment were more than $127,200.

I figure this is what you want. If not, please reach out on comments section and I will help you to the best of my knowledge. Thanks

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