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Problem 9 - 2 7 ( Algorithmic ) ( LO . 2 ) Jackson, a self - employed taxpayer, uses his automobile 9 0 %

Problem 9-27(Algorithmic)(LO.2)
Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2023 drove a total of 23,400 business miles. Information regarding his car expenses is listed below.
Business parking $170
Auto insurance 1,700
Auto club dues (includes towing service)204
Toll road charges (business-related)255
Oil changes and engine tune-ups 272
Repairs 187
Depreciation allowable 3,400
Fines for traffic violations (incurred during business use)340
Gasoline purchases 3,740
What is Jackson's deduction in 2023 for the use of his car if he uses:
If required, round your answers to nearest dollar.
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a. The actual cost method?
$fill in the blank 073b3bf3f00efa8_1
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A taxpayer has two choices in determining automobile expenses: the automatic mileage method and the actual cost method.
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b. The automatic mileage method?

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