Lester uses his personal automobile in his business of selling insurances. He bought a new...
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Accounting
Lester uses his personal automobile in his business of selling insurances. He bought a new car in 2014 and drove it a total of 28,000 miles of which 4,000 miles were for commuting and other personal uses. Actual gas, oil, repairs, licensing, insurance, and depreciation totaled $16.200 for 2014. Actual parking expenses for business were $200. What is the maximum amount Lester can deduct for 2014?
a. $12600
b. $11054
c. $12980
d. $13615
e. $14086
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