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Ted Purchased a Vehicle for Business and Personal Use

Question 69

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Ted purchased a vehicle for business and personal use.In 2016,Ted used the vehicle 70% for business 10,000 business miles)and used the standard mileage rate to calculate his vehicle expenses.Ted also paid $1,200 in interest and $380 in county property tax on the car.What is the total business deduction related to business use of the car in 2016?

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