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Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2023 drove a total of 14,000 business miles. Information regarding his car expenses i listed below. Business parking $140 Auto insurance Auto club dues (includes towing service) Toll road charges (business-related) Oil changes and engine tune-ups Repairs Depreciation allowable Fines for traffic violations (incurred during business use) 320 Gasoline purchases 2,800 1,300 180 200 210 160 2,850 What is Jackson's deduction in 2023 for the use of his car if he uses the automatic mileage method for 2023?

Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2023 drove a total of 14,000 business miles. Information regarding his car expenses i listed below. Business parking $140 Auto insurance Auto club dues (includes towing service) Toll road charges (business-related) Oil changes and engine tune-ups Repairs Depreciation allowable Fines for traffic violations (incurred during business use) 320 Gasoline purchases 2,800 1,300 180 200 210 160 2,850 What is Jackson's deduction in 2023 for the use of his car if he uses the automatic mileage method for 2023?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2023 drove a total of 14,000 business miles. Information regarding his car expenses is listed below. Business parking $140 1,300 180 200 210 1 160 2,850 2,800 Auto insurance Auto club dues (includes towing service) Toll road charges (business-related) Oil changes and engine tune-ups Repairs Depreciation allowable Fines for traffic violations (incurred during business use) 320 Gasoline purchases What is Jackson's deduction in 2023 for the use of his car if he uses the automatic mileage method for 2023?
Transcribed Image Text:Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2023 drove a total of 14,000 business miles. Information regarding his car expenses is listed below. Business parking $140 1,300 180 200 210 1 160 2,850 2,800 Auto insurance Auto club dues (includes towing service) Toll road charges (business-related) Oil changes and engine tune-ups Repairs Depreciation allowable Fines for traffic violations (incurred during business use) 320 Gasoline purchases What is Jackson's deduction in 2023 for the use of his car if he uses the automatic mileage method for 2023?
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