Travis operates a consulting business. He uses his personal credit card for both business and personal uses. The total finance charges paid for the year were Travis' total business charges on this card were 41% of all charges. What amount of interest expenses can be deducted on Travis' Schedule C? $957 $565 $392 $0 Allan operates his business, Antiques and Collectibles, by himself. He has made no election with his state regarding his business. What is the most likely form of Allan's business? Corporation. LLC. Partnership. Sole Proprietorship. The general self-employment tax rate for 2015 is _____. 15.30% 13.30% 12.40%. 2.90% Mel operates a DVD store. His records indicate that he had sales of $78,000. Customers returned $1, 500 worth of DVDs because of various defects. His cost of goods sold was $19,000. What is Mel's Schedule C gross income? $78,000