calculate the maximum deduction available to Rodney for car expenses in respect of the 2023 income year.
calculate the maximum deduction available to Rodney for car expenses in respect of the 2023 income year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Rodney, a resident taxpayer is employed by subiaco function center as a marketing manager. during the 2023 income year, Rodney used his private car for wpork related travel to meetings. he maintained fuel receipts amounting to $4000 and noted that he had travelled a total of 6000n work related kilometers during the year. rodney has not maintained a logbook. From the above information, calculate the maximum deduction available to Rodney for car expenses in respect of the 2023 income year.
a)$3900
b) $4000
c) $4680
d) $0
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