Question
INSTRUCTIONS : Fill out a Federal Schedule C form using the given information. Armando's practices under the name Armando Z. Gonzales, DDS. His business is
INSTRUCTIONS: Fill out a Federal Schedule C form using the given information.
Armando's practices under the name "Armando Z. Gonzales, DDS." His business is located at 645 West Avenue, Cincinnati, OH 45211, and his employer identification number 01-2222222. Armando's gross receipts during the year were $111,000. Armando uses the cash method of accounting for his business. Armando's business expenses are as follows:
advertising: $1,200
professional dues: $490
Professional journals:$360
Contributions to employee benefit plans: $2,000
Malpractice Insurance: $3,200
Insurance on office contents: $720
Interest on money borrowed to refurbish office: $600
Accounting services: $2,100
Miscellaneous office expense: $388
Office rent: $12,000
Dental Supplies: $7,672
Utilities and telephone: $3,360
Wages: $30,000
Payroll taxes: $2,400
Depreciation: $2,400
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