Question
On January 1, 2022, Sally Jefferson purchased an auto for $25,000. Her business use was 60% during 2022. She is electing $1,000 Sec. 179 deduction
On January 1, 2022, Sally Jefferson purchased an auto for $25,000. Her business use was 60% during 2022. She is electing $1,000 Sec. 179 deduction on the auto, but is electing not to claim any bonus depreciation. What is her total deduction for calendar tax year 2022? A. $6,720 B. $11,200 C. $19,200 D. $25,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
