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"Complete all scenarios before attempting the Assessment.
Review the content
in the Tax Tutorial
as well".
Summary:Congratulations, Rita! You've successfully filed your return by the filing deadline. |
James King (Sim 14B) Using Form 1099-NEC to Complete Schedule C, Schedule SE, and Form 1040 In this simulation, you will take on the role of James King in order to learn how to claim self-employment income. |
Using Form 1099-NEC 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 provide lawn care services for your neighbors and for a local business. You are not an employee. You are correctly classified as an independent contractor. Your parents are very generous—they let you borrow their lawnmower. You buy the gasoline for the lawnmower. It's the last day of the year. You earned $650.00 for mowing lawns for your neighbors. You earned $900.00 for mowing the lawn for the local gas station. You received Form 1099-MISC from the owners of the gas station, showing the amount you were paid. To review your personal information, click My Profile. |