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Lester Uses His Personal Automobile in His Business of Selling

Question 39

Multiple Choice

Lester uses his personal automobile in his business of selling insurances.He bought a new car in 2016 and drove it a total of 30,000 miles of which 3,000 miles were for commuting and other personal uses.Actual gas,oil,repairs,licensing,insurance,and depreciation totaled $16.500 for 2016.Actual parking expenses for business were $200.What is the maximum amount Lester can deduct for 2016?


A) $13,050
B) $13,970
C) $14,780
D) $15,050
E) $15,725

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