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8. The following taxpayers need your help in calculating their deductions related to the use of their automobile. Complete the last column. (12 points) Person
8. The following taxpayers need your help in calculating their deductions related to the use of their automobile. Complete the last column. (12 points) Person Total Miles Driven Total non-business Miles Driven Business Parking and Tolls Total Gas Allowable 2020 Expense Depreciation* Deduction A 20,000 12,000 2,000 1,500 5000 B 20,000 0 2,000 1,500 5000 C** 20,000 0 0 1,500 5000 D*** 20,000 12,000 0 1,500 0 E**** 20,000 2,000 1,500 5000 0 *This has been calculated to consider only the business use of the car **C had car repair bills of $2,500 ***D's business is being an employee and these are commuting miles ****E had car repair bills of $2,500
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