self-employed busines income- schedule C

Running Head: SELF-EMPLOYED BUSINESS INCOME-SCHEDULE C 1

SELF-EMPLOYED BUSINESS INCOME-SCHEDULE C 2

Self-Employed Business Income-Schedule C

Assessment 2, BUS-FP4065, Fall 2019

Capella University

Jacob’s company would be eligible for Work Opportunity Credit and Disabled Access Credit according to https://www.irs.gov/businesses/small-businesses-self-employed/tax-benefits-for-businesses-who-have-employees-with-disabilities. Jacob could fill out Form 8826 to file for Disabled Access Credit, since his company is a small business that earned less than a million dollars and did not have more than thirty employees. The Work Opportunity Credit could be filed through Form 5884, but the maximum amount to be claimed is between $1200 - $9600. This credit is allowed since John hired Martin who was disabled and a veteran.