a book club at a nearby community center makayla led the book for early January until March 19 2020 when the center closed due to covid restrictions the community center pay het and in early 2021 she recieve form 1099 nec reporting 510 for nonemployee compensation in box 1 the community center is within walking distance of makayla home so she did not have any vehicle or travel expenses he only businesd related expenses w
Makayla Jennings 34 is filing as a single tax payer during the year she earned 53000 in wages from her job as a high school english teacher makayla has always been a avid reader and in addition to her teaching job she had an opportunity in early 2020 to lead a book club at a nearby community center makayla led the book for early January until March 19 2020 when the center closed due to covid restrictions the community center pay het and in early 2021 she recieve form 1099 nec reporting 510 for nonemployee compensation in box 1 the community center is within walking distance of makayla home so she did not have any vehicle or travel expenses he only businesd related expenses was 50 in supplies makayla has no other income
What is the amount of makayla self employment tax?
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What amount should Makayla report as profit or loss from business? You may refer to her partially completed Schedule C, Profit or Loss from Business, which is shown below, to assist you in answering this question.
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