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Please use 2022 tax rule 10. Car and Truck Expense (Obj. 3) Keith is self-employed. During 2022, he drove his car a total of 9,169
Please use 2022 tax rule
10. Car and Truck Expense (Obj. 3) Keith is self-employed. During 2022, he drove his car a total of 9,169 miles for work. He drove 4,669 of the business miles before July 1. He drove a total of 21,468 miles during the year. His car expenses for the year were as follows:
Business parking and tolls | $360 |
Depreciation | $1,475 |
Gas | $2,557 |
Insurance | $940 |
License Tags | $50 |
Repairs and Maintenance | $52 |
Total | $5,434 |
- Compute Keiths car expense deduction using the standard mileage rate
- Compute Keiths car expense deduction using the actual cost method
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