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Jackson uses his automobile 72% for business and during 2017 drove a total of 20,600 business miles. Information regarding his car expenses is listed below.
Jackson uses his automobile 72% for business and during 2017 drove a total of 20,600 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 $180 1,800 216 270 288 198 3,600 360 3,960 What is Jackson's deduction in 2017 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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