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Tyler has the following auto expenses: Gas $1,500 Maintenance $250 Parking Fee for work $150 Depreciation $1,000 Tyler drove the car 12,000 miles total and has evidence of 9,000 business miles. What is Tyler's auto expense deduction if he elects actual expenses? $2,463 $2,175 $2,213 $2,900

Tyler has the following auto expenses: Gas $1,500 Maintenance $250 Parking Fee for work $150 Depreciation $1,000 Tyler drove the car 12,000 miles total and has evidence of 9,000 business miles. What is Tyler's auto expense deduction if he elects actual expenses? $2,463 $2,175 $2,213 $2,900

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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Tyler has the following auto expenses: Gas $1,500 Maintenance $250 Parking Fee for work $150 Depreciation $1,000 Tyler drove the car 12,000 miles total and has evidence of 9,000 business miles. What is Tyler's auto expense deduction if he elects actual expenses? $2,463 $2,175 $2,213 $2,900
Transcribed Image Text:Tyler has the following auto expenses: Gas $1,500 Maintenance $250 Parking Fee for work $150 Depreciation $1,000 Tyler drove the car 12,000 miles total and has evidence of 9,000 business miles. What is Tyler's auto expense deduction if he elects actual expenses? $2,463 $2,175 $2,213 $2,900
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