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Peter Is a Self-Employed Attorney $153,000\quad \$ 153,000 Expenses Peter Also Drove His Car 5,034 Miles for Business and His

Question 63

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Peter is a self-employed attorney.He gives the following information about his business to his CPA for use in preparing his 2013 tax return: Income
Fees from law practice $153,000\quad \$ 153,000
Expenses
 Malpractice insurance $800 Office rent 12,000 Office supplies 5,500 Travel expense 2,000 Meals and entertainment 6,500 Paralegal wages 25,500 Country club dues (Peter uses the club for business entertainment) 2,500\begin{array}{ll}\text { Malpractice insurance }&\$800\\\text { Office rent } & 12,000 \\\text { Office supplies } & 5,500 \\\text { Travel expense } & 2,000 \\\text { Meals and entertainment } & 6,500 \\\text { Paralegal wages } & 25,500 \\\text { Country club dues (Peter uses the club for business entertainment) } & 2,500\end{array} Peter also drove his car 5,034 miles for business and used the standard mileage method for computing transportation costs.How much will Peter show on his Schedule C for 2013 for:
a.Income
b.Tax deductible expenses
c.Taxable income

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