- 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.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011