How to make padding to image within p and div tag?

How to make padding to image within p and div tag? What is correct way actually? Notice that image should be within p and is also within DIV element.

Code is like:
CSS:

[code=html]
.author img {
margin: 0 15px 0 34px;
}
[/code]
[code=html]
<div id=”content”>
<p><img class=”author1″ alt=”myimage” src=”images/myimage.jpg” align=”right” border=”0″ width=”222″ height=”392″ >
Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit praesent luptatum zzril delenit augue duis dolore te feugait nulla facilisi.
</p>
</div>
[/code]

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