. 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	5,700
Travel expense	2,000
Meals and entertainment	6,800
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

2. Paul is a self-employed investment adviser who uses his automobile for business. Paul drove his new automobile a total of 20,000 miles during 2015; 75 percent was business mileage. The actual cost of gasoline, oil, depreciation, repairs, and insurance for the year was $6,200.

a.	How much is Paul's transportation deduction based on the standard mileage method?
b.	How much is Paul's transportation deduction based on the actual cost method?
c.	Which method should Paul use to calculate his transportation deduction, assuming he used the standard mileage method in 2015? Why?
d.	Where should he deduct the expenses on his 2015 tax return?