Pardeep uses his own vehicle for his sole proprietorship. He borrowed money to purchase the vehicle in 2019. The interest he paid on the amount owing for 2021 was $5.700. He drove the vehicle a total of 10,000 km of which 7.200 km were related to employment. How much can he deduct in 2021? Multiple Choice $4104 $2.592 $3.600 $4,400 ABC Corporation has accounts receivable of $145,000 in 2021. It has also determined that the allowance for doubtful accounts is $4,000 for the year (a reasonable amount). During 2022, it records the following in the books: Write-off of accounts receivable $2,500 and reinstatement of accounts previously written off $3.000. For the year ended 2022, it determines that the allowance for doubtful accounts should be $5,000 (a reasonable amount). What is the deduction of the reserve for doubtful debts in 2022 for tax purposes? Multiple Choice Not allowed $500 $2.500 $4,500 Emory Co recognized business profits of $100,000 in 2021 prior to deducting a reserve for doubtful accounts of $45,000. Emory deducted a reserve for its uncollectible debts of $35,000 in 2020. Emory is forecasting profits of $200,000 and uncollectible debts of $50,000 in 2022. If Emory claims the reserve in 2021, the company's net income for tax purposes will be? Multiple Choice $20.000 $110.000 $100,000 $90,000