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Business, 16.03.2020 20:00, maytce7237
Cassandra owns her own business and drives her van 15,300 miles a year for business and 5,100 miles a year for commuting and personal use. She purchases a new van in 2019 and wants to claim the largest tax deduction possible for business use. Cassandra's total auto expenses for 2019 are as follows: Gas, oil, and maintenance $5,540 Insurance 765 Interest on van loan 1,000 Depreciation 3,095 License 165 Parking fees and tolls (all business) 240 Determine Cassandra's 2019 deduction for business use of the van. Note: The standard mileage rate for 2019 is 58 cents per mile.
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Cassandra owns her own business and drives her van 15,300 miles a year for business and 5,100 miles...
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