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Jamari spent $50 in automobile repairs, $500 in automobile insurance, $200 in tolls and parking, $700 in gas and oil, and $30 in parking tickets
Jamari spent $50 in automobile repairs, $500 in automobile insurance, $200 in tolls and parking, $700 in gas and oil, and $30 in parking tickets and fines related to the automobile used for business purposes. Jamari uses the actual cost method to compute the tax deduction. How much is the deduction?
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calculating the total deduction for automobile expenses under the actual cost method involves ...
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
