Gabby operates a pizza delivery service. This year she paid delivery personnel $18,000 in salary. She carefully documented the use of the auto (11,700 miles this year) and her $7,350 of vehicle expenses (for gas, oil, repairs, and auto lease payments). What amount of these expenses may Gabby deduct as business expenses? Gabby is on the cash method and calendar year.
Correct Answer:
Verified
Q80: Brad operates a storage business on the
Q82: David purchased a deli shop on
Q83: Manley operates a law practice on the
Q89: Anne is a self-employed electrician who reports
Q98: Marilyn operates a day care center as
Q106: Alvin is a self-employed sound technician who
Q122: Shadow Services uses the accrual method and
Q126: Joe operates a plumbing business that uses
Q127: Blackwell Manufacturing uses the accrual method and
Q129: Colby Motors uses the accrual method and
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