- 7 -
1994
Item Amount Claimed Amount Allowed
Cost of goods sold -0- -0-
Advertising $42 $42
Car & truck expenses 6,618 6,618
Depreciation 1,693 1,693
Insurance 3,426 3,426
Legal & profl. servs. 4,452 4,452
Office expenses 8,531 8,531
Rent1 21,106 596
Repairs 2,338 2,338
Supplies 131,014 -0-
Taxes & licenses 14,207 14,207
Utilities 4,116 4,116
Wages 199,428 199,428
Other expenses2 38,291 38,291
1 On line 20 of the Schedule C, under “Rent or Lease”,
petitioners reported two expenses--$596 for vehicles, machinery &
equipment expenses and $20,510 for other business property
expenses.
2 These expenses consisted of $12,990 for payroll taxes,
$2,980 for outside services, $140 for bank charges, $510 for
freight & delivery, $550 for fuel, $5,610 for insurance, $710 for
postage, $9,680 for shipping/shop supply, $2,080 for telephone, and
$3,000 for small tools. These figures are approximate.
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Last modified: May 25, 2011