Question
Mr. Basil must provide an automobile under his salesman employment contract. He purchased a new car on March 1, 2019 for $50,000. He incurred $8,000
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Mr. Basil must provide an automobile under his salesman employment contract. He purchased a new car on March 1, 2019 for $50,000. He incurred $8,000 operating costs during 2019. He used the car 75% for employment purposes in 2019. His 2019 car employment expense deduction is: (3 marks)
A. $11,625
B. $17,250
C. $9,375
D. $10,500
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Louise Crawford, Stuart Manson
7th Edition
1473760186, 9781473760189
