Gloria operates a yogurt delivery service. She carefully documented the use of the auto 12,000 business miles this year out of 20,000 miles driven total. Her actual vehicle expenses amounted to $8,650 (for gas, oil, repairs, and auto lease payments). What amount of total expenses may Gloria deduct as business expenses? Gloria is on the cash method and calendar year.

Answer rating: 100% (QA)

Solution Calculation of business expenses First find out that auto miles are driven ... View the full answer