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Bianca, who is self-employed, uses her automobile 70% for business and during 2019 drove a total of 23,000 business miles. Information regarding her car expenses
Bianca, who is self-employed, uses her automobile 70% for business and during 2019 drove a total of 23,000 business miles. Information regarding her car expenses is listed below.
Business parking $165 Auto insurance 2,900 Parking tickets 50 New tires 200 Oil changes 355 Minor Repairs 185 Depreciation allowable 3,250 Gasoline purchases 3,900
What is Bianca's deduction in 2019 for the use of her car if she uses:
a.The actual cost method?
$
b.The automatic mileage method?
$
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