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Problem: Business Expense Deduction ( Algo ) Ryan is self - employed. This year Ryan used his personal auto for several long business trips. Ryan

Problem: Business Expense Deduction (Algo)
Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,700 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $5,500. During the year, he drove his car a total of 18,200 miles (a combination of business and personal travel).
a. Ryan can provide written documentation of the business purpose for trips totaling 3,500 miles. What business expense amount can Ryan deduct (if any) for these trips?
Problem: Business Expense Deduction (Algo)
Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,550 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $5,300. During the year, he drove his car a total of 17,900 miles (a combination of business and personal travel).
a. Ryan can provide written documentation of the business purpose for trips totaling 3,300 miles. What business expense amount can Ryan deduct (if any) for these trips?
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