Jackson, a self-employed taxpayer, uses his automobile 86% for business and during 2023 drove a...
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Jackson, a self-employed taxpayer, uses his automobile 86% for business and during 2023 drove a total of 22,000 business miles. Information regarding his car expenses is listed below. Business parking $150 Auto insurance 1,500 Auto club dues (includes towing service) 180 Toll road charges (business-related) 225 Oil changes and engine tune-ups 240 Repairs 165 Depreciation allowable 3,000 Fines for traffic violations (incurred during business use) 300 Gasoline purchases 3,300 What is Jackson's deduction in 2023 for the use of his car if he uses: If required, round your answers to nearest dollar. Question Content Area a. The actual cost method? Jackson, a self-employed taxpayer, uses his automobile 86% for business and during 2023 drove a total of 22,000 business miles. Information regarding his car expenses is listed below. Business parking $150 Auto insurance 1,500 Auto club dues (includes towing service) 180 Toll road charges (business-related) 225 Oil changes and engine tune-ups 240 Repairs 165 Depreciation allowable 3,000 Fines for traffic violations (incurred during business use) 300 Gasoline purchases 3,300 What is Jackson's deduction in 2023 for the use of his car if he uses: If required, round your answers to nearest dollar. a. The actual cost method? b. The automatic mileage method
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