888 Company leased a car throughout 2015 for $950 per month, $75 of which was for insurance. There was no down payment or refundable deposit. The manufacturers suggested list price for the car is $38,000. Other costs incurred for the vehicle during 2015 were $1,600 for gas and $420 for repairs.

The maximum tax deduction for 2015 vehicle expenses is:

Question 5 options:

1)

$11,753

2)

$12,653

3)

$12,672

4)

$13,420