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Schedule C 1. Peter is a self-employed attorney. He gives the following information about his business to his CPA for use in preparing his 2022
Schedule C 1. Peter is a self-employed attorney. He gives the following information about his business to his CPA for use in preparing his 2022 tax return: Peter also drove his car 3,000 miles from Jan 1, 2022 to June 30, 2022 and 2,500 miles from July 1, 2022 to Dec. 31, 2022 for business and used the standard mileage method for computing transportation costs. (You will need to find the standard mileage rate from the textbook) How much will Peter show on his Schedule C for 2022 for: (COMPLETE SCHEDULE C. SCHEDULE C IS POSTED ON THE BB) a. Income b. Tax deductible expenses = c. Taxable income =
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