Frankie purchased a vehicle for business and personal use, In 2021, he used the vehicle...
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Accounting
Frankie purchased a vehicle for business and personal use, In 2021, he used the vehicle 70% for business (12,000 business miles incurred equally throughout the year) and calculated his vehicle expenses using the standard mileage rate. Frankie also paid $2,000 in interest and $400 in county property tax on the car. What is the total business deduction related to business use of the car? Muitiple Choice 38,400 $6.634 $7,157
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