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answer part b Problem 9-22 (Algorithmic) (LO. 2) Jackson, a self-employed taxpayer, uses his automobile 80% for business and during 2020 drove a total of
answer part b
Problem 9-22 (Algorithmic) (LO. 2) Jackson, a self-employed taxpayer, uses his automobile 80% for business and during 2020 drove a total of 22,000 business miles Information regarding his car expenses is listed below. Business parking $ 260 2,600 Auto insurance 312 390 410 Auto club dues (includes towing service) Toll road charges (business-related) Oil changes and engine tune-ups Repairs Depreciation allowable Fines for traffic violations incurred during business use) 286 5,200 520 Gasoline purchases 5,720 What is Jackson's deduction in 2020 for the use of his car if he uses If required, round your answers to nearest dollar. a. The actual cost method 12,277 Gasoline purchases 5,720 What is Jackson's deduction in 2020 for the use of his car if he uses: If required, round your answers to nearest dollar. a. The actual cost method? 12,277 Feedback Scheck My Work b. The automatic mileage method? Feedback Step by Step Solution
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