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Problem 9-21 (Algorithmic) (L0.2) Jackson, a self-employed taxpayer, uses his automobile 92% for business and during 2021 drove a total of 16,400 business miles. Information
Problem 9-21 (Algorithmic) (L0.2) Jackson, a self-employed taxpayer, uses his automobile 92% for business and during 2021 drove a total of 16,400 business miles. Information regarding his car expenses is listed below. $ 160 Business parking 1,600 Auto insurance 192 240 256 176 Auto club dues (includes towing service) Toll road charges (business-related) Oil changes and engine tune-ups Repairs Depreciation allowable Fines for traffic violations (incurred during business use) Gasoline purchases 3.200 320 3,520 What is Jackson's deduction in 2021 for the use of his car if he uses: If required, round your answers to nearest dollar. a. The actual cost method? 5,713 X
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