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Jon uses his automobile 80% for his business that he operates as a sole proprietorship. He drove a total of 10,000 miles (8,000 business, 2,000
Jon uses his automobile 80% for his business that he operates as a sole proprietorship. He drove a total of 10,000 miles (8,000 business, 2,000 personal) and paid the following amounts for his vehicle: Parking at client's offices $ 180 Auto Insurance 1,600 Auto club Dues 180 Oil Changes and Tune-ups 280 Repairs 1,160 Depreciation allowable 2,050 Fines incurred while traveling for business 320 Gasoline 2,200 a. What is Jon's 2021 deduction for using his car it he uses the automatic (standard milleage) method? The IRS standard mileage rate for 2021 is.56 cents per mile. O $4.480 $7,970 $4,660 $7,650 $6,310
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