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Owns a food delivery company that serves several grocery stores in the local community. On his tax form he reported a truck expense of $2,971.50
Owns a food delivery company that serves several grocery stores in the local community. On his tax form he reported a truck expense of $2,971.50 for his business. This amount was based on the truck expenses listed as insurance $2,000, lease payments $1,450.00, repairs $4,500, tires $500, oil changes $40. What percentage of truck expense was for business purposes?
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