Question: Please answer in proper format with all working clearly Previous answer was not good please answer with detailed explanation and working Jack Swift is self-employed.

Please answer in proper format with all working clearly

Previous answer was not good please answer with detailed explanation and working

Jack Swift is self-employed. During the year he incurred the following expenses associated with driving around on business: Gas $2,000 Maintenance 430 Insurance 600 Interest on Car Loan 500 Depreciation 2,000 License 345 Parking 120 Business Miles 9.000 Total Miles 10.000 Calculate Jack's actual transportation expenses. Calculate Jack's expenses using the standard mileage rate. SHOW ALL WORK Expenses using actual Expenses using Standard Mileage

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Please answer in proper format with all working clearly Previous answer was not good please answer with detailed explanation and working . Jack Swift is self-employed. During the year he incurred ...

Please answer in proper format with all working clearly Jack Swift is self-employed. During the year he incurred the following expenses associated with driving around on business: Gas $2,000...

Please answer in proper format with all working clearly . Jack Swift is self-employed. During the year he incurred the following expenses associated with driving around on business: Gas $2,000...

Explain what type of negotiation this is and why. List the issues and argue whether each one is integrative or distributive and why? ( Please answer in essay format) Thank you! Role for Fran Lynch,...

Please answer ASAP , show step by step working , follow the given format , answer the question fully for me to understand better thank you Please answer ASAP , show step by step working , follow the...

hi can you help me in my assignment? some details can get in MAA Group Berhad. 2014 financial position, highlights, income statement. Olympia College Assignment Diploma in Business Management DIPLOMA...

Defense Cross Examination of Corey Hyde 1. D: \"Mr. Hyde, is it true when you originally acquired your position as Avery Bancroft's assistant at the Black Bear Casino, you were not thrilled at the...

CLOSING ARGUMENTS A Closing Argument should: 1. Repeat your theory and theme of the case 2. Summarize the evidence that preceded it 3. Relate the evidence to the law and the legal issues (i.e....

Opening Statement for Defense The 1948 U.S. Presidential election was a hard fight for Harry Truman. No one thought he had a shot and the folks at the Chicago Daily Tribune didn't think so either. At...

(a) Discuss the relevant provisions of the Income-tax Act, with respect to deduction/collection of tax in the following independent situations:

A corporate bond ($1,000 face value) with a 9% coupon, paid semi-annually, is rated BB+. It is currently trading on the secondary market at $1,025. If you buy this bond, how much interest in $ will...

Which of the following book / tax differences is unfavorable? Charitable contribution carryover in year the carryover is used. Life insurance proceeds paid ot the corporation. Net operating loss in...

Question 1: You invest $500 in a stock that has a 30% chance of a 4% return, a 50% chance of a 6% return and a 20% chance of a 12% return. What is your expected return after one year? a.)6.6% b.)7.2%...