Question of
Stan uses his personal vehicle in his sole proprietorship. He keeps no records of any kind regarding his business use of the car and doesn't really know for certain when and where he used the automobile for business. Which of the following is correct?
Stan should estimate his total vehicle expenses for the year, then deduct of that amount as a business expense.
Stan should deduct a goodfaith estimate of his expenses for the auto as a business expense.
Stan cannot deduct any vehicle expenses because he has no record of his expenses.
Stan could have leased a comparable vehicle for $ for Therefore, he should deduct $ as a business expense.
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Question of
Dipa has a home dcor consulting business. She drives a Chevy Sonic which she only uses for business to her clients' houses for meetings. The vehicle is fully depreciated and paid off. She keeps excellent records, and for she has the following items:
business miles from January to June, from July to December
Tolls $
Parking $
Gas $
Maintenance $
Registration $
Insurance $
In her first year claiming the vehicle, she used the actual expense method. For what is her best allowable expense deduction?
Actual expenses, $ deduction.
Actual expenses, $ deduction.
Standard mileage rate, $ deduction.
Standard mileage rate, $ deduction.
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Question of
Oskar is a selfemployed photographer. On a photography tour of Utah and Montana in he had meal expenses for three days. On the first day, he spent $ on meals and $ on tips; the second day, he spent $ on meals and $ on tips, and the third day, he spent $ on meals and $ on tips. Oskar ate all of the meals in restaurants. He has all of his receipts.
How much can he deduct for his meals from this trip?
$$ x
$$ x
$
$
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