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Paula is planning to either purchase or lease a $50,000 automobile. She anticipates that business use of the auto will be 60% for the first
Paula is planning to either purchase or lease a $50,000 automobile. She anticipates that business use of the auto will be 60% for the first two years but will decline to 40% in years three through five. Currently, Paulas marginal tax rate is 15% but she anticipates that her marginal tax rate will be 35% after a few years. What tax issues should Paula consider relative to the decision to purchase or lease the automobile? Explain. Please make sure that the word count is at least 150 words. Please answer ASAP
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