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Question 2 of 75. Juan uses his personal vehicle in his sole proprietorship. He keeps no records of any kind regarding his business use of
Question 2 of 75. Juan uses his personal vehicle in his sole proprietorship. He keeps no records of any kind regarding his business use of the car and doesn't really know for certai O Juan should deduct a good-faith estimate of his expenses for the auto as a business expense. O 'Juan snould estimate histolal vehide expenses for the year, then deduct 50% of that amount as business expense O Juan could have leased a comparable vehicle for $3,600 for 2017. Therefore, he should deduct $3,600 as a business expense Juan cannot deduct any vehicle exnenses because he has no record of his expenses Mark for follow up Question 3 of 75. Ethan uses the cash method of accounting and a calendar year. He received the following payments from clients A check from Client #1 in the amount of $1,091 on December 26, 2017, deposited January 15, 2018. A check from Client #2 on December 22, 2017, for S592, deposited December 24, 2017 An dectonic payment f 60 from Client #3 made and depos Cash in the amount of $292 received December 9, 2017, from Client #4 which he forgot to deposit until January 12, 2018. sited on January 2, 2018, for services rendered on December 16, 2017 How should Ethan report this income? O Ethan should apportion the income equally between 2017 and 2018. O Ethan should report the income in either 2017 or 2018, whichever minimizes his tax liability the income in whichever year will allow his client to claim the largest deduction for the expense Ethan should report O Ethan should report $1,975 in 2017. The remaining $1,968 should be reported on his 2018 tax returr. Mark for follow up Question 4 of 75. tried to grow all of his own vegetables organically. The garden did m In 2017, Tyler decided he needed to be a healthier person. To help achieve that goal, he O Tyler should definitely deduct the cost of his gardening as a business expense O Tyler cannot deduct any of his expenses T r needs to set up a corporation for his food-growing, then it will qualify as a business. O Tyler can deduct half his expenses because he was able to harvest about half the vegetables
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