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Jon uses his automobile 80% for his business that he operates as a sole proprietorship. He drove a total of 15,000 miles and paid the
Jon uses his automobile 80% for his business that he operates as a sole proprietorship. He drove a total of 15,000 miles and paid the following amounts for his vehicle:
Parking at clients offices $ 240
Auto Insurance 1,500
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 2,800
a. What is Jons 2020 deduction for using his car if he uses the automatic method?
b. What is Jons 2020 deduction for using his car if he uses the actual method?
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