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Problem 9 - 2 7 ( Algorithmic ) ( LO . 2 ) Jackson, a self - employed taxpayer, uses his automobile 9 0 %
Problem AlgorithmicLO
Jackson, a selfemployed taxpayer, uses his automobile for business and during drove a total of business miles. Information regarding his car expenses is listed below.
Business parking $
Auto insurance
Auto club dues includes towing service
Toll road charges businessrelated
Oil changes and engine tuneups
Repairs
Depreciation allowable
Fines for traffic violations incurred during business use
Gasoline purchases
What is Jackson's deduction in 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 bbffefa
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Feedback
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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