9-21 (Algorithmic) (LO. 2) Jackson, a self-employed taxpayer, uses his automobile 76% for business and during 2022 drove a total of 19,200 business miles. Information regarding his car expenses is listed below. Business parking Auto insurance Auto club dues (includes towing service) Toll road charges (business-related) $160 1,600 192 240 256 176 Depreciation allowable 3,200 Fines for traffic violations (incurred during business use) 320 Gasoline purchases 3,520 Oil changes and engine tune-ups Repairs What is Jackson's deduction in 2022 for the use of his car if he uses: If required, round your answers to nearest dollar. a. The actual cost method? b. The automatic mileage method? c. What records must Jackson maintain? Keeping a written or electronic log of miles driven, the dates the automobile was used, the location of travel, and the business purpose is enough evidence for the . If the is used, keeping copies of receipts, canceled checks, and bills in addition to a mileage log is sufficient. Records and logs should be kept contemporaneously (e.g., updated weekly or daily). actual expense method standard rate method