Travis operates a consulting business he uses his personal credit card for both business and...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Travis operates a consulting business he uses his personal credit card for both business and personal use the total finance charge work is paid for the year were $957 Travis is total business charges on this card where 41% of the charges what amount of interest expense can be deducted on Travis's schedule c a $957 b $565 c $392 and d 0 which one is correct
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
