Identify a type of business generally operated as a sole proprietorship, Corporate Law assignment help

Review Exhibits 3.4 and 3.5 below. Identify a type of business generally operated as a sole proprietorship. Discuss the types of items that would generally be included on the Schedule C for that type of business. Explain how this would impact the personal tax liability of the owner on the Schedule 1040. Support your responses with cites to business and/or legal sources.

Exhibit 3.4 Form 1040

Exhibit 3.5 Schedule C

 
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