Business
Business, 25.03.2021 17:00, Papichulo3806

Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2020 drove a total of 14,000 business miles. Information regarding his car expenses is listed below. Business parking$ 140 Auto insurance1,300 Auto club dues (includes towing service)180 Toll road charges (business-related)200 Oil changes and engine tune-ups210 Repairs160 Depreciation allowable2,850 Fines for traffic violations (incurred during business use)320 Gasoline purchases2,800 What is Jackson's deduction in 2020 for the use of his car if he uses: a. The actual cost method

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 21:30, mjstew00763
An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?
Answers: 1
image
Business, 22.06.2019 22:40, tonypewitt
Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?
Answers: 1
image
Business, 22.06.2019 23:00, simmy6
Even sole proprietors should have at least how many computers? 1 2 3 4
Answers: 1
image
Business, 22.06.2019 23:30, bb1593
As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.
Answers: 2
Do you know the correct answer?
Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2020 drove a tota...

Questions in other subjects:

Konu
Mathematics, 27.11.2020 18:30