Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $1500.00 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would b $3000. During the year, he drove his car a total of 12,000 miles (a combination of business and personal travel)Ryan can provide written documentation of the business purpose for trips totaling 3,000 mils. What business expense amount can Ryan deduct (if any) for these trips.Ryan estimates that he drove approximately 1300 miles on business trips, but he can only provide written documentation of the business purpose for trips totaling 820 miles. What business expenses amount can Ryan deduct (if any) for these trips?

1. Business expense amount Ryan can deduct for these trips = Amount paid for…

Answered: Ryan is self-employed. This year Ryan…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $1500.00 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would b $3000. During the year, he drove his car a total of 12,000 miles (a combination of business and personal travel)

Ryan can provide written documentation of the business purpose for trips totaling 3,000 mils. What business expense amount can Ryan deduct (if any) for these trips.
Ryan estimates that he drove approximately 1300 miles on business trips, but he can only provide written documentation of the business purpose for trips totaling 820 miles. What business expenses amount can Ryan deduct (if any) for these trips?

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