Paula is planning to either purchase or lease a $75,000 automobile. She anticipates that business use of

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Paula is planning to either purchase or lease a $75,000 automobile. She anticipates that business use of the auto will be 60% for the first two years but will decline to 40% in years three through five. Currently, Paula’s marginal tax rate is 12% but she anticipates that her marginal tax rate will be 37% after a few years. What tax issues should Paula consider relative to the decision to purchase or lease the automobile?

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Pearsons Federal Taxation 2023 Comprehensive

ISBN: 9780137840656

36th Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse

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