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Peter Is a Self-Employed Attorney Peter Also Drove His Car 5,580 Miles for Business and His

Question 13

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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 2018 tax return: IncomeFees from law practiceExpensesMalpractice insuranceOffice rentOffice suppliesTravel expenseMealsEntertainmentParal egal wagesCountry club dues (Peter uses the club for business entertainment)$153,000$8,00012,0005,6002,0003,8004,00025,5002,500\begin{array}{c}\begin{array}{lll}\text {Income}\\\text {Fees from law practice}\\\\\underline{\text {Expenses}}\\\text {Malpractice insurance}\\\text {Office rent}\\\text {Office supplies}\\\text {Travel expense}\\\text {Meals}\\\text {Entertainment}\\\text {Paral egal wages}\\\text {Country club dues (Peter uses the club for business entertainment)}\end{array}\begin{array}{lll}\\\$153,000\\\\\\\$8,000\\12,000\\5,600\\2,000\\3,800\\4,000\\25,500\\2,500\end{array}\end{array}
Peter also drove his car 5,580 miles for business and used the standard mileage method for computing transportation costs.How much will Peter show on his Schedule C for 2018 for:
a.Income
b.Tax deductible expenses
c.Taxable income

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