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Jackson, a self-employed taxpayer, uses his automobile 74% for business and during 2021 drove a total of 22,000 business miles. Information regarding his car expenses
Jackson, a self-employed taxpayer, uses his automobile 74% for business and during 2021 drove a total of 22,000 business miles. Information regarding his car expenses is listed below. What is Jackson's deduction in 2021 for the use of his car if he uses: If required, round your answers to nearest dollar. a. The actual cost method? b. The automatic mileage method
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