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Jackson, a self-employed taxpayer, uses his automobile 80% for business and during 2020 drove a total of 25,000 business miles. Information regarding his car expenses

Jackson, a self-employed taxpayer, uses his automobile 80% for business and during 2020 drove a total of 25,000 business miles. Information regarding his car expenses is listed below.

Business parking

$ 200

Auto insurance

3,000

Auto club dues (includes towing service)

300

Toll road charges (business-related)

400

Oil changes and engine tune-ups

450

Repairs

200

Depreciation allowable

5,200

Fines for traffic violations (incurred during business use)

520

Gasoline purchases

5,000

What is Jackson's deduction in 2020 for the use of his car if he uses:

a) The actual cost method?

b) The automatic mileage method?

Answer (show the details for credits):

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