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Complete a Schedule C (Business Income) (2015) based on a fictitious business that you own. Complete all applicable lines and boxes at the top of the form (A - J). Include at least one type of revenue. Include five different expenses. Calculate your profit or loss. Self-employed taxpayers must pay Self-Employment (SE) tax on profits. You may ignore SE tax for this exercise. Schedule C can be found at irs website under Forms and Publications.

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