Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

تمرين 39

Frank purchased a vehicle for business and personal use. In 2010, he used the vehicle 70% for business (11,000 business miles) and calculated his vehicle expenses using the standard mileage rate. Frank also paid $1,800 in interest and $480 in county property tax on the car. What is the total business deduction related to business use of the car? a. $4,235.
B) $5,446.
C) $7,096.
D) $7,780.