Business parking $ 260 Auto insurance 2,600 Auto club dues (includes towing service) 312 Toll road charges (business-related) 390 Oil changes and engine tune-ups 416 Repairs 286 Depreciation allowable 5,200 Fines for traffic violations (incurred during business use) 520 Gasoline purchases 5,720 What is Jackson's deduction in 2020 for the use of his car if he uses: If required, round your answers to nearest dollar. a. The actual cost method?
Business parking $ 260 Auto insurance 2,600 Auto club dues (includes towing service) 312 Toll road charges (business-related) 390 Oil changes and engine tune-ups 416 Repairs 286 Depreciation allowable 5,200 Fines for traffic violations (incurred during business use) 520 Gasoline purchases 5,720 What is Jackson's deduction in 2020 for the use of his car if he uses: If required, round your answers to nearest dollar. a. The actual cost method?
Business parking $ 260 Auto insurance 2,600 Auto club dues (includes towing service) 312 Toll road charges (business-related) 390 Oil changes and engine tune-ups 416 Repairs 286 Depreciation allowable 5,200 Fines for traffic violations (incurred during business use) 520 Gasoline purchases 5,720 What is Jackson's deduction in 2020 for the use of his car if he uses: If required, round your answers to nearest dollar. a. The actual cost method?
please correct my mistake and show me where i went wrong, this is for a taxation class
Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.
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