Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) Ankita started a new job at Paris Hilton Investments. Her job requires her to drive to clients homes and businesses. She owns a 2019

a) Ankita started a new job at Paris Hilton Investments. Her job requires her to drive to client’s homes and businesses. She owns a 2019 Toyota Rav 4 . She has spent $2,500 in gas. She drives a total of 20,000km for the year, 15,000km was used for her job. What is the deduction amount she can claim for gas? ( 5 marks)

Step by Step Solution

3.30 Rating (159 Votes )

There are 3 Steps involved in it

Step: 1

Total expenses on gas2500 Total d... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Communication Process and Product

Authors: Mary Ellen Guffey, Dana Loewy

8th edition

1305081854, 1305081857, 9781285094069, 978-1285094076

More Books

Students also viewed these Accounting questions

Question

Common stockholders' profitability analysis

Answered: 1 week ago