The Mudcat Café TM
Thread #33198 Message #440772
Posted By: Louie Roy
14-Apr-01 - 08:48 PM
Thread Name: BS: Income Tax
Subject: Income Tax
This is something I put together in 1945 and I thought maybe some of you could use it since Monday is the dead line Check exemptions add them up And enter total here Wages tips and salaries received within the year
Deduct the cost of traveling,attach required sheet Hotel charges,porter tips and what you spent to eat
Subtract line 6 from 5 above and write the total down Then make a tidy package of receipts from out of town
Profits made from businesses on seperate schedule C Other income gained or lost bring over from page 3
Add 7,8 and 10 and print the answer on 11 Then check your figures once again from 10 thru 8 thru 7
Now 11 is your ajusted gross and to figure doctor bills Take 3 percent of this and then take 1 percent for pills
Overage you may deduct plus hospital insurance Then have a cup of coffee black to keep up your endurance
Contributions interst paid auto license fees Safety features tools supplies employement agencys
Entertaining customers taxes paid to state Glasses denetures union dues instructions on page 8
But just before you sign your name you'll have a twing of fear So you'll take it to a CPA just like you done last year