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Wakko Warner has the following items on his 2020 Self-employed business trial balance. Revenue $250,000 Interest Expense $15,000 Groceries for his family: $10,000 Meals with

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Wakko Warner has the following items on his 2020 Self-employed business trial balance. Revenue $250,000 Interest Expense $15,000 Groceries for his family: $10,000 Meals with clients: $700 Meals with his spouse: $250 Classes to maintain his medical license: $1500 Expenses to fix smoke detectors that failed inspection: $250 Office Rent $60,000 $75,000 of computer equipment, placed in-service 7/1/17 (assume no bonus or $179 in prior years and use MACRS accelerated, Half-Year convention) What is his business's taxable income? $154,260 a. $164,510 $163,533 None of these d. $164,260

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