1The amount of David’s balance due is A $582 B$1993 C $2339. D $3542 2 The amoun

Question

1The amount of David’s balance due is A $582 B$1993 C $2339. D $3542
2 The amount David claims as the deductible part of his self-employment tax is
A $ 5978 B $6574 C $6853 D $6892
3 what amount does David report as net profit from his business A $93054 B $97440 C $ 97554 D$ 97995 Tax Specialist - Case Study 2 Prepare a return using BlockWorks in PRACTICE mode. Access and unique s SSN so that you BlockWorks shell return by entering the following four-digit code wll be generated by the sofhware. Be sure to note this unique shell S will be able to re-access this retum. After the return is complete, return to the test and answer the Taxpayer Information Taxpayer name David Taxpayer SSN XxX-xX-5902 SSN Taxpayer DOB January 23, 1986 Health care 12 months through the individual market coverage 0 months of no coverage 1986 Meadow Lane Your City, YS XXXXX Taxpayer rents his home (XXX) 555-5912; Preferred: OK to call anytime; F? consent Address Living arrangement Cell phone: given Taxpayer email: Taxpayer occupation dmodi@net.net Artist relations manager is a returning client. He is single. David's SSN is valid for work in the U.S. and was received before the original filing due date of his return (including extensions). He is 17 ANALYS

Explanation / Answer

1. B

2. B

3. A i.e $93054 after considering deductible expenses

Income $102000- Expenses (975+475+1110+2000+4386)

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