[23] Robert pays dues of $45,000 annually to the Sea Oyster Country Club. Robert used...
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[23] Robert pays dues of $45,000 annually to the Sea Oyster Country Club. Robert used the club 130 days in the current year for business related activities. Robert also used the club 120 days in the current year for personal activities. What amount of dues can Robert deduct as a business expense for the current year? A. $23,400 B. $11.700 C. $0 D. $45,000 [24] Mr. D purchased an automobile for use in his business for $10,000 in 2015. For the years 2017 through 2021, he used the maximum standard mileage rate to figure his car expense deduction. What would Mr. D's car expense deduction be in 2022, using the standard mileage rate, if the auto was driven 20,000 miles for business use (half of which was January-june), and the business mileage from prior years is 100,000 miles? A. $11,500 B. $11,200 C. $11,600 D. $12,100 [25] On April 1, Year 1, Ms. G, a calendar-year, cash-basis taxpayer, entered into a 3-year lease for a building to be used in her business. The lease is for the period july 1 , Year 1 , through june 30, Year 4 , and provides for annual payments of $6,000. On April 1, Year 1, G paid $18,000 in advance. What is the amount of G 's deductible rental expense for Year 1 ? A. $6,000 B. $4,500 C. $18,000 D. $3,000
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