Tax - Intermediate Vehicle Expense [2019] _
15	Ross is not great at keeping receipts and records, but he managed to keep track of all of his mileage (23,973 total mileage and 19,433 business use) and about 60% of his receipts for gas, oil changes, repairs, and maintenance. His receipts total $5,832. His bill for insurance was $121 per month. His car, with a basis of $29,477, was brand new on January 1, 2018, when he put it in service. What can Ross use for vehicle expense for 2018?
	A.- Ross can use SMR for an vehicle expense deduction of $10,591.
	B.- Ross can only use actual expenses of $1,452, because that is the only receipt he can prove.
	C.- Ross can estimate his actual expenses based on the receipts he has. If $5,832 equals 60%, then 100% would be $9,720.
	D.- Ross can use 100% bonus depreciation of $23,876 for the business-use percentage of his car.
16	For qualifying property placed in service on or after September 27, 2017, how much bonus depreciation may a taxpayer claim?
	A.- 50%.
	B.- Taxpayers are required to claim 100% bonus depreciation on or after September 27, 2017.
	C.- 100%.
	D.- After September 27, 2017 bonus depreciation is 50% with an option to claim an extra 25%.