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Jackson uses his automobile 90% for business and during 2014 drove a total of 14,000 business miles. Information regarding his car expenses is listed below.
Jackson uses his automobile 90% for business and during 2014 drove a total of 14,000 business miles. Information regarding his car expenses is listed below.
Business parking | $ 140 |
Auto insurance | 1,300 |
Auto club dues (includes towing service) | 180 |
Toll road charges (business-related) | 200 |
Oil changes and engine tune-ups | 210 |
Repairs | 160 |
Depreciation allowable | 2,850 |
Fines for traffic violations (incurred during business use) | 320 |
Gasoline purchases
What is Jackson's deduction in 2014 for the use of his car if he uses: a. The actual cost method? b. The automatic mileage method? | 2,800
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