Business, 25.03.2021 17:00 Papichulo3806

Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2020 drove a total of 14,000 business miles. Information regarding his car expenses is listed below. Business parking$ 140 Auto insurance1,300 Auto club dues (includes towing service)180 Toll road charges (business-related)200 Oil changes and engine tune-ups210 Repairs160 Depreciation allowable2,850 Fines for traffic violations (incurred during business use)320 Gasoline purchases2,800 What is Jackson's deduction in 2020 for the use of his car if he uses: a. The actual cost method

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Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2020 drove a tota...

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