Peter is a self-employed attorney.He gives the following information about his business to his CPA for use in preparing his 2017 tax return:
Peter also drove his car 5,579 miles for business and used the standard mileage method for computing transportation costs.How much will Peter show on his Schedule C for 2017 for:

a.Income
b.Tax deductible expenses
c.Taxable income

Question

Peter is a self-employed attorney.He gives the following information about his business to his CPA for use in preparing his 2017 tax return:
Peter also drove his car 5,579 miles for business and used the standard mileage method for computing transportation costs.How much will Peter show on his Schedule C for 2017 for:
  
a.Income
b.Tax deductible expenses
c.Taxable income

Quizplus · Accepted Answer

The Answer of Peter is a self-employed attorney.He gives the following information about his business to his CPA for use in preparing his 2017 tax return:
Peter also drove his car 5,579 miles for business and used the standard mileage method for computing transportation costs.How much will Peter show on his Schedule C for 2017 for:
  
a.Income
b.Tax deductible expenses
c.Taxable income

Peter Is a Self-Employed Attorney