Mercedes is self-employed and drives her car 12,000 miles a year for business and 3,000 miles a year for commuting and personal use. She wants to claim the largest tax deduction possible for business use of her car. Her total auto expenses for 2018 are as follows:
?
$$\begin{array} { l r }
\text { Gas, oil, and maintenance } & \$ 4,600 \
\text { Insurance } & 720 \
\text { Interest on car loan } & 500 \
\text { Depreciation } & 2,960 \
\text { License } & 80 \
\text { Parking fees and tolls (100\% business) } & 130
\end{array}$$
Mercedes's total 2018 deduction related to her automobile is:

Question

Mercedes is self-employed and drives her car 12,000 miles a year for business and 3,000 miles a year for commuting and personal use. She wants to claim the largest tax deduction possible for business use of her car. Her total auto expenses for 2018 are as follows:
?
$$\begin{array} { l r } 
\text { Gas, oil, and maintenance } & \$ 4,600 \
\text { Insurance } & 720 \
\text { Interest on car loan } & 500 \
\text { Depreciation } & 2,960 \
\text { License } & 80 \
\text { Parking fees and tolls (100\% business) } & 130
\end{array}$$
Mercedes's total 2018 deduction related to her automobile is:

Quizplus · Accepted Answer

The Answer of Mercedes is self-employed and drives her car 12,000 miles a year for business and 3,000 miles a year for commuting and personal use. She wants to claim the largest tax deduction possible for business use of her car. Her total auto expenses for 2018 are as follows:
?
$$\begin{array} { l r } 
\text { Gas, oil, and maintenance } & \$ 4,600 \
\text { Insurance } & 720 \
\text { Interest on car loan } & 500 \
\text { Depreciation } & 2,960 \
\text { License } & 80 \
\text { Parking fees and tolls (100\% business) } & 130
\end{array}$$
Mercedes's total 2018 deduction related to her automobile is:

Mercedes Is Self-Employed and Drives Her Car 12,000 Miles a Year