Business, 25.11.2021 14:40 wtwbegay

Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2019 drove a total of 14,000 business miles. Information regarding his car expenses is listed below. Business parking $140
Auto insurance 1,300
Auto club dues (includes towing service) 180
Toll road charges (business-related) 200
Oil changes and engine tune-ups 210
Repairs 160
Depreciation allowable 2,850
Fines for traffic violations (incurred during business use) 320
Gasoline purchases 2,800

Required:
What is Jackson's deduction in 2019 for the use of his car if he uses:

a. The actual cost method:
b. The automatic mileage method:

Answers: 3

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Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2019 drove a tota...

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