Show i INCOME TAX T cAs FACTS F A S j i iNo Xo No 11 While ordinarily Income Is money mono mone It does not follow Collow that ill all money monty Is 1 witha taxable able Income Unless favol ed with Ith wit a II gift or legacy practically all th money received by ft it salaried man mati Is Income and taxable as such But It Is 1 different In the case of a professional proCessional 01 or business man Such person f Is coin coin- relied pelted to pay part of his receipts for fo business budness or professional proCessional expenses e In arriving at the net or taxable Income the taxpayer to Is la allo allowed cd to de duct cel Item Items Including all bust bust- busi ness floss expenses from front gross Income Gross Income Includes not only salary salar wages stages and other compensation for personal services 1 but gains profits and Income from rom professions proCessions Vocations trades tro business commerce or sales or dealings In property orthe othe hother real realOr Or ot personal or the carried earned transaction of ot any bu business ear car ned ried on for Cor gain 01 or profit or gain galna or proms profits or or income derived front from any source w 10 whatever Income To de determine the tho amount of ot net In- In come collIe a man In trade or business may ma claim as ae a deductions from gross Income tI a reasonable allowance allo anco for salaries paid es CM amounts spent pent for tor ad premium for Cor Insurance against fire or other business losses Josses rent paid for tor store or r warehouse the thi I cost of oC fuel water telephone Stationer stationery postage etc used In uS hi his place of business drayage and ond freIght bills and the cost coat of oC operation and an I repair of oC delivery delhery wagons or trucks dentist A professional n n physician auth-physician man physician den den den- lUst architect etc eto mo may claim as os de de- de the co cost t of ot used b by inthe him In his bill practice c paid pattI In the tho operation and of oC an auto auto- automobilE automobile mobile used for fo professional calls dues to professional societies Rub sub sub- subscriptions sub to professional proCessional journals Journal of- of of flee rent the co cost t ot of C tI light heat and water ater used In such BUCh office and the thi hire of et |