Show YOUR INC IE TAX Net income upon which the income tax is assessed is ross income less certain specified de dc for busi busi- business busi- busi business business ness expenses loss s contributions had bad debts etc A storekeeper may deduct as a expense amounts spent for rent of hi place of business advertising prem unis ms for insurance against t jr fire or ther lher losses cost ot of enter roter light and heat used in his place of of- business drayage and freIght bills and the tho CO cos of maintenance n and repair to deliver wagons ns and trucks end endl l n ble le Ie n for jor salaries A iona man each as a n law law- lawyer lawyer lawyer yer doctor or d ci may deduct the cost of supplies i sed in his profession profession expenses paid J ii i i- i ithe the operation and repair of or autom iles used in making professional call dues to professional profession l journals office otTice i nt cost of water li light ht and heat in his office nn I an-I the hire of office otric assistants The farmer n ly y deduct as IS necessary necessary sar sary expense expenses al a amounts actually ex expended expended in g e on the business f farming farming arming such a amounts paid in the production and harvesting of his crops cost of se d I and fertilizer used cost of minor r n lairs hairs to farm build build- buildings buildings buildings ings and cost c small tools used up in the course of a year or two twe The cost of farm i equipment and farm buildings iffs is not deductible as expense Deductions f r personal or living expenses such uch as repairs to the tax ux- taxpayer's tax taxpayer's payers payer's dwelling cost ost of food cloth cloth- clothing clothing clothing ing education ion of c children ildren etc arc are not allowed j |