Peter is a self-employed attorney. He gives the following information about his business to his CPA for use in preparing his 2015 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 and entertainment 7,800 Paralegal wages 25,500 Country club dues (Peter uses the club for business entertainment) 2,500 Peter also drove his car 5,191 miles for business and used the standard mileage method for computing transportation costs. How much will Peter show on his Schedule C for 2015 for:
a. Income
b. Tax deductible expenses
c. Taxable income