on uses his automobile 80% for his business that he operates as a sole proprietorship. He drove a total of 15,000 miles and paid the following amounts for his vehicle: Parking at client’s offices $ 240 Auto Insurance 1,500 Auto club Dues 180 Oil Changes and Tune-ups 280 Repairs 1,160 Depreciation allowable 2,050 Fines incurred while traveling for business 320 Gasoline 2,800 a. What is Jon’s 2020 deduction for using his car if he uses the automatic method? b. What is Jon’s 2020 deduction for using his car if he uses the actual method?
Jon uses his automobile 80% for his business that he operates as a sole proprietorship. He drove a total of 15,000 miles and paid the following amounts for his vehicle:
Parking at client’s offices $ 240
Auto Insurance 1,500
Auto club Dues 180
Oil Changes and Tune-ups 280
Repairs 1,160
Fines incurred while traveling for business 320
Gasoline 2,800
a. What is Jon’s 2020 deduction for using his car if he uses the automatic method?
b. What is Jon’s 2020 deduction for using his car if he uses the actual method?
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Tim uses his automobile 70% for his business that he operates as a sole proprietorship. He drove a total of 15,000 miles (business and personal combined) and paid the following amounts for his vehicle:
Parking at client’s offices $ 240
Tolls while on business 100
Auto Insurance 1,500
Oil Changes and Tune-ups 280
Repairs 1,160
Fines incurred while traveling for business 320
Gasoline 2,800
What is Jon’s 2023 deduction for using his car if he uses the actual method?
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