Scott Butterfield is self-employed as a CPA. He uses the cash method of accounting, and his Social

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Scott Butterfield is self-employed as a CPA. He uses the cash method of accounting, and his Social Security number is 644-47-7833. His principal business code is 541211. Scott's CPA practice is located at 678 Peso Dr., La Mesa, CA 92041. During 2012, Scott had the following income and expenses:
Fees from CPA practice..............................................$128,250
Expenses:
Car mileage (3,231 business miles) ....................................1,793
Business insurance..........................................................870
Office expense............................................................3,450
Rent on office space......................................................8,400
City business license........................................................150
Travel expense.............................................................4,100
Meals and entertainment................................................4,780
Utilities.....................................................................1,625
Wages of secretary......................................................25,700
Scott placed his car in service on January 1, 2008. This year, he commuted 2,000 miles in it and drove it 4,000 miles for non business purposes. His wife has a car for personal use.
Complete Schedule C on pages 3-41 and 3-42 for Scott showing Scott's net income from self-employment.
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Related Book For  answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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