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Author Question: Jordan, an employee, drove his auto 20,000 miles this year, 15,000 to meetings with clients and ... (Read 72 times)

jho37

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on: Sep 13, 2020
Jordan, an employee, drove his auto 20,000 miles this year, 15,000 to meetings with clients and 5,000 for commuting and personal use.  The cost of operating the auto for the year was as follows:



Jordan submitted appropriate reports to his employer, and the employer paid a reimbursement of $ .50 per mile.  Jordan has used the actual cost method in the past.  Jordan's AGI is $50,000.  What is Jordan's deduction for the use of the auto after application of all relevant limitations?
◦ $1,500
◦ $500
◦ $1,000
◦ $8,000
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by jho37 on Sep 13, 2020

parshano

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jho37

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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