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Jackson, a self-employed taxpayer, uses his automobile 82% for business and during 2023 drove a total of 24,800 business miles. Information regarding his car expenses
Jackson, a self-employed taxpayer, uses his automobile 82% for business and during 2023 drove a total of 24,800 business miles. Information regarding his car expenses is listed below. Business parking Auto insurance 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) Gasoline purchases What is Jackson's deduction in 2023 for the use of his car if he uses: If required, round your answers to nearest dollar. a. The actual cost method? 11,972 $250 2,500 300 375 400 275 5,000 500 5,500
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