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888 Company leased a car throughout 2020 for $950 per month, $75 of which was for insurance. 64) There was no down payment or refundable
888 Company leased a car throughout 2020 for $950 per month, $75 of which was for insurance. 64) There was no down payment or refundable deposit. The manufacturer's suggested list price for thecar is $38,000. Other costs incurred for the vehicle during 2020 were $1,600 for gas and $420 forrepairs. The maximum tax deduction for 2020 vehicle expenses is: A) $11,753. B) $12,653. C) $13,420. D) $12,672
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