888 Company leased a car throughout 2020 for $950 per month, $75 of which was for insurance. There was no down payment or refundable deposit. The manufacturer's suggested list price for the car is $38,000. Other costs incurred for the vehicle during 2020 were $1,600 for gas and $420 for repairs. The maximum tax deduction for 2020 vehicle expenses is:

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The Answer of 888 Company leased a car throughout 2020 for $950 per month, $75 of which was for insurance. There was no down payment or refundable deposit. The manufacturer's suggested list price for the car is $38,000. Other costs incurred for the vehicle during 2020 were $1,600 for gas and $420 for repairs. The maximum tax deduction for 2020 vehicle expenses is:

888 Company Leased a Car Throughout 2020 for $950 Per