Show I INCOME TAX TAXi i NOTES i NO 0 Net iet Income upon upon which the th Income tax Is fa 1 assessed I la lc gross groan income less lea certain d de- de deduction de deduction for tor expenses losses lose contributions ba bad d debts etc tc A storekeeper per my may d deduct duct ea aa aa a business expense amount ap spent p nt for rent ol ot hIs ht place ot of o business advertising premiums for insurance Insurance ance nce against tire firs nr oth other r losses lonel cost co of water ater light and heat Used lied to In hIs hie place of business os drayage and freight bills bill and the th cost coat ot o maln- maln main maintenance t nance and repair to dell delivery wagons gons and trucks truck and a n reason reason- reasonable reasonable reasonable able allowance for salaries alari s A professional man such uch as al a lay lawyer r doctor o or dentist d may deduct t th the cost coat co t of ot supplies up lles used u edIn In his hia hl profession prof expenses paid In inthe the op operation and r repair of et e auto auto- automobiles automobile mobiles mobile I used In makIng professional professional calla callI call du dues due s to professional protes lonal office trot cost n of wa- wa ter light And ond heat heat use used u cd In hIs hie hi of- of office of office fice and the th hire of or office assist assist- assistants assistant ants ant The rhe Th farmer may deduct as necessary expenses expense all amounts actuallY expended nd d In carrying on the business of farming r such uch as amounts paid In the production and harvesting harve of his crop cost coat ot of seed eed ed and fertilizer u used d cost ot of minor repairs repair r to farm build build- buildIng logs Ing and cost coat of ot small mill tools tool used u up In the th course cours of a year ar or The cost coit of ot farm machinery equipment and farm tarm buildings Is Inot not deductible II as a expense Deductions Deduction for personal or liv- liv living int ing expenses expense es luch such a as a repairs repair to the taxpayers taxpayer's taxpayer dwelling cost COlt co t of food 1004 clothing education of chil chil- children children dr dren n etc eta tc are ar not allowed no |