Question 3 O out of 2 points Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $1,400 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $3,000. During the year, he drove his car a total of 12,000 miles (combination of business and personal travel). Ryan can provide written documentation of the business purpose for trips totaling 3,000 miles. If Ryan does not use the standard mileage rate, what business expense amount can Ryan deduct (if any) for these trips? Selected Answer: 1100 Question 5 O out of 2 points Assume Sarah is a cash- method calendar-year taxpayer. She made a $400 payment for dinner with out-of-town clients during contract negotiations. What is the after-tax cost of this payment assuming she has a 25 percent marginal tax rate? Selected Answer: 400 Question 9 O out of 3 points Ben teaches golf lessons at a country club under a business called Ben's Pure Swings (BPS). He operates this business as a sole proprietorship on the accrual basis of accounting. This year BPS billed clients for $86,700 and collected $61,000 in cash for golf lessons completed during the year. In addition, BPS collected an additional $14,500 in cash for lessons that will commence after year end. Ben hopes to collect about half of the outstanding billings next year but the rest will likely be written off. Besides providing private golf lessons, BPS also contracted with the country club to staff the driving range. This year BPS billed the country club $27,200 for the service. The club paid $18,000 of the amount but disputed the remainder. By year end the dispute had not been resolved, and while Ben believes he is entitled to the money, he has still not collected the remaining $9,200. What is the amount of revenue recognized by BPS? (Excel spreadsheet template provided) Selected Answer: 86700 O out of 2 points Question 11 Dustin has a contract to provide services to Dado Enterprises. In November of this year, Dustin billed Dado $12,000 for the services he rendered during the year. Dado is an accrual-method proprietorship that is owned and operated by Dustin's father. What amount can Dado deduct this year assuming Dustin uses the cash method and Dado remits payment for the services in January of next year? Selected Answer: 10000