Jamari spent $50 in automobile repairs, $500 in automobile insurance, $200 in tolls and parking, $700 in gas and oil, and $30 in parking tickets and fines related to the automobile used for business purposes. Jamari uses the actual cost method to compute the tax deduction. How much is the deduction?

Answer rating: 100% (QA)

calculating the total deduction for automobile expenses under the actual cost method involves ... View the full answer