Knowledge Check Two

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Partial Problem
Fill out Carrie Lister’s Schedule C Header, and
answer the questions that follow.

Carrie Lister (400-00-1322) owns Ace of Spades

Casino (EIN 00-0132200). She lives at 2641
*UHH¿HOG&LUFOH)DEHU197KHFDVLQRLV
ORFDWHGDW%UDYHU5RDG3DUD19

&DUULHUHFHLYHGD)RUP1(&IURPD
company for which she provided mobile casino
services. The payer’s information is as follows:

„ 1DPH$::3DUW\3ODQQHUV
„ EIN - 00-0132201
„ $GGUHVV32%R[6DEOH19
(Included is an excerpt from the Principal
Business or Professional Activity Codes chart.)

1. :KLFKEXVLQHVVFRGHLVHQWHUHGRQ&DUULH¶V
Schedule C, Line B?

‰ 711210
‰ 713100
‰ 713200
‰ 

2. :KDWLVHQWHUHGRQ&DUULH¶V6FKHGXOH&/LQH&"
‰ Carrie Lister ‰ $::3DUW\3ODQQHU
‰ Ace of Spades Casino ‰ Nothing; leave it blank

3. :KDWLVHQWHUHGRQ&DUULH¶V6FKHGXOH&/LQH'"
‰ Nothing; leave it blank ‰ 00-0132201
‰ 400-00-1322 ‰ 00-0132200

4. :KDWLVHQWHUHGRQ&DUULH¶V6FKHGXOH&/LQH("
‰ *UHH¿HOG&LUFOH)DEHU ‰ 32%R[6DEOH19
19 ‰ Nothing; leave it blank
‰ 152 Braver Road, Para,
19

10-10 | Self-Employment Fundamentals of Tax Preparation