What is the book-to-tax diffrences and per tax return for each item?

Book to Tax Reconciliation ( Schedule M-1)
Worksheet
Year Ended December 31, 2016
	Per Financial		Book-to-Tax				Per Tax
	Statements		Differences		Notes		Return
Revenue
Fees and commissions	$4,800,000
Taxable Interest - Bank Deposits	1,600
Tax-exempt interest	3,200
Gain/(Loss) from stock sales	4,000
Total Revenue
	4,808,800		0
Expenses
Employee salaries and wages	1,000,000
Advertising and public relations	380,000
Charitable contributions	28,000
Depreciation expense	40,000
Section 179 expense
Guaranteed payment - Charlie Elon	800,000
Guaranteed payment - other members	600,000
Meals & entertainment - subject to 50% dissallowance	200,000		(100,000)				100,000
Travel	320,000
Legal & accounting	132,000
Office rent	80,000
Interest Expense on line of credit	10,000
Insurance premiums	52,000
Office expense	200,000
Payroll taxes	92,000
Utilities	54,800
Total Expenses	3,988,800
Net Income	$820,000
ADD: Guaranteed Payment
Taxable Income per Sch. M-1, Line 9