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Peter Is a Self-Employed Attorney Peter Also Drove His Car 5,850 Miles for Business and About

Question 17

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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 2019 tax return:  Income  Fees from law practice $153,000 Expenses  Malpractice insurance $8,000 Office rent 12,000 Office supplies 5,600 Travel expense 2,000 Meals 3,800 Entertainment 4,000 Paral egal wages 25,500 Country club dues (Peter uses the club for business entertainment) 2,500\begin{array}{lr}\text { Income }\\\text { Fees from law practice }&\$153,000\\\text { Expenses }\\\text { Malpractice insurance } & \$ 8,000 \\\text { Office rent } & 12,000 \\\text { Office supplies } & 5,600 \\\text { Travel expense } & 2,000 \\\text { Meals } & 3,800 \\\text { Entertainment } & 4,000 \\\text { Paral egal wages } & 25,500 \\\text { Country club dues (Peter uses the club for business entertainment) } & 2,500\end{array} Peter also drove his car 5,850 miles for business and used the standard mileage method for computing transportation costs. How much will Peter show on his Schedule C for 2019 for:
a.Income
b.Tax deductible expenses
c.Taxable income

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