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Please help! Jon uses his automobile 80% for his business that he operates as a sole proprietorship. He drove a total of 10,000 miles (
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Jon uses his automobile 80% for his business that he operates as a sole proprietorship. He drove a total of 10,000 miles ( 8,000 business, 2,000 personal) and paid the following amounts for his vehicle: a. What is Jon's 2022 deduction for using his car if he uses the automatic (standard milleage) method? Assume the IRS standard mileage rate for all of 2022 is 58.5 cents per mile. $4,480 $4,680 $4,860 $7,650 $6,310Step by Step Solution
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