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Fred McClure is a self-employed architect. In 2010, Fred drove his personal car 9,000 miles for business. Fred spent the following amounts related to his
Fred McClure is a self-employed architect. In 2010, Fred drove his personal car 9,000 miles for business. Fred spent the following amounts related to his car: Gas and oil changes $4,659 Parking (100% for business) 600 Auto Insurance 1,400 License renewal fees 150 Automobile repairs 650 Depreciation 1,250 Total costs $8,709 In 2010, Fred drove his car a total of 15,000 miles. a. How much can Fred deduct on his 2010 Schedule C of his actual automobile expenses? b. If Fred uses the standard mileage rate, how much can Fred deduct of his automobile expenses in 2010
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