Martin, the sole proprietor of a consulting business, has gross receipts of $45,000 in 2016. Expenses paid by his business are

Advertising $500

Supplies $2,900

Taxes and licenses $500

Travel (other than meals) $600

Meals and entertainment $400

Utilities $1600

Health insurance premiums for Martin 1400

Individual retirement account contribution $2,500

During the year, Martin drives his car a total of $15,000 miles ( 700 business miles and 550 personal miles per month). He paid $100 for business-related parking and tolls. He paid $120 in fines for speeding tickets when he was late for appointments with clients. Martin's office is located in his home. His office occupies 500 of 2000 square feet in his home. His total (unallocated) expenses for his home are

Mortgage interest 6000

Property taxes 1700

insurance 700

Repair and maintenance 300

utility 1600

Depreciation for the business portion of his home is $1364

a. What is Maritn's net income (loss) from his business? $

b. How much self-employment tax must Maritn pay? $

c. Based on his information, are there other deductions that Maritn can claim on his individual tax return other than those report on his schedule C?

d. How would your answers to the above items change if Maritn elects to use the simplified method for home office expenses?