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Because you have no other sources of income, you have completed your tax return. All that's left to do is review your tax return. To review your Schedule C, click My Schedule C. |
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Using Form 1099-INT to Complete Schedule C, Schedule SE, and Form 1040
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You are a full-time high school student. After school and on weekends, you take care of pets while their owners are traveling. You are not an employee. You are correctly classified as an independent contractor. It's the last day of the year. You earned $1,700.00 by walking dogs as well as by feeding various pets, including dogs, cats, and birds. You have receipts for all of the business expenses. Supplies, including dog treats, plastic bags, collars, and leashes: $40.00 Notebook to track income and expenses: $5.00 You deposit your earnings in a savings account. You will use the money to pay for your college education. During the year you earned $54.00 of interest income on your savings. Your mother provided all of your support. To review your personal information, click My Profile. |
"Review the Scenario
Information using
My Profile"
~Tina the Tax Tutor
