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Problem 9-28 (b) (LO. 2) Ricardo, who is self-employed, uses his automobile 85% for business and during 2019 drove a total of 32,200 business miles.
Problem 9-28 (b) (LO. 2) Ricardo, who is self-employed, uses his automobile 85% for business and during 2019 drove a total of 32,200 business miles. Information regarding his car expenses is listed below. Business parking Auto insurance Auto club dues (includes towing service) Toll road charges (business-related) $345 2,800 275 205 Oil changes and engine tune-ups Repairs 180 1,890 3,600 Depreciation allowable Fines for traffic violations (incurred during business use) Gasoline purchases 4,125 What is Ricardo's deduction in 2019 for the use of his car if he uses: If required, round your final answers to the nearest dollar. a. The actual cost method? $ 11,407 x b. The automatic mileage method? $ 14,917 x
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