Alfred uses his personal automobile in his business of selling party supplies to local businesses. He bought a new car in 2014 and drove it a total of 20,000 miles of which 2,000 miles were for commuting and other personal uses. Actual gas, oil, repairs, licensing, insurance, and depreciation totaled $11,000 for 2014. Actual parking expenses for business were $200. What is the maximum amount Alfred can deduct for 2014?

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The Answer of Alfred uses his personal automobile in his business of selling party supplies to local businesses. He bought a new car in 2014 and drove it a total of 20,000 miles of which 2,000 miles were for commuting and other personal uses. Actual gas, oil, repairs, licensing, insurance, and depreciation totaled $11,000 for 2014. Actual parking expenses for business were $200. What is the maximum amount Alfred can deduct for 2014?

Alfred Uses His Personal Automobile in His Business of Selling