Supplies	$ 685
Business personal property tax	$ 245
Wages (employees)	$14,530
Rentals of business property	$ 7,100
Business insurance premiums	$ 596
License fees	$ 350
Travel expenses	$ 800
Bank charges	$ 789
Phone expenses	$ 894
FUTA/FICA taxes	$ 2,100
Depreciation expenses	$ 602
Section 179 deduction	$ 1,145

Inventory Information
Contributed inventory	$ 2,800
Inventory purchased	$13,940
Ending inventory	$ 2,000

Personal Vehicle Logbook Information
Date placed into service	1/15/2022
Business miles for the tax year	4,240
Commuting miles for the tax year	1,946
Personal miles for the tax year	2,110
Standard mileage rate 1/1-6/30	$0.585
Standard mileage rate 7/1-12/31	$0.625

* Assume mileage was incurred evenly throughout the year.

** Company policy is to reimburse business mileage at the standard rate.

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SQLA - 6.9

Mr. Winston purchased the following equipment, all of which was used 100% for business.

Item	Purchase Date	Cost
Office furniture	1/15/22	$1,032
Fixtures	1/15/22	$ 167
Store sign	1/15/22	$ 250
Card reader	1/15/22	$ 458
Display case	1/15/22	$ 225
Telephone	1/15/22	$ 218
Mirrors*	1/15/22	$ 85
Manicure table*	1/15/22	$ 817
Computer	1/15/22	$ 503
Facial chair	1/15/22	$ 487
Adding machine/calculator*	1/15/22	$ 80
Manicure chair*	1/15/22	$ 163
Printer	1/15/22	$ 285

*Mr. Winston wishes to expense these items under section 179.Note:Do not use special depreciation for any of the assets.