Rajiv, a self- employed consultant, drove his auto 20,000 miles this year, 15,000 to meetings with clients and 5,00 commuting and personal use. The cost of operating the auto for the year was as follows:
Rajiv's AGI is $100,000 before considering the auto costs. Rajiv has used the actual cost method in the past. What Rajiv's deduction for the use of the auto?
A) $0
B) $12,000
C) $9,000
D) $7,000
Correct Answer:
Verified
Q17: In determining whether a worker is considered
Q19: Tessa has planned a five- day trip
Q20: Charishma, a CPA, paid the following expenses
Q20: If an individual is self-employed,business-related expenses are
Q21: Taxpayers may use the standard mileage rate
Q23: Shane, a partner in a law firm,
Q24: What factors are considered in determining whether
Q25: Rita, a self- employed CPA, incurred the
Q26: David acquired an automobile for $30,000 for
Q27: Chuck, who is self- employed, is scheduled
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents