Question: Problem 9-23 (c) (LO. 2) Bemard, who is self-employed, uses his automobile 80% for business and during 2019 drove a total of 12,300 business miles.

Problem 9-23 (c) (LO. 2) Bemard, who is self-employed, uses his automobile 80% for business and during 2019 drove a total of 12,300 business miles. Information regarding his car expenses is listed below. Business parking $65 Auto insurance 1,950 340 Toll road charges (business-related) Oil changes and engine tune-ups Repairs 145 Depreciation allowable Parking fines 720 2,455 Gasoline purchases 3,100 What is Bernard's deduction in 2019 for the use of his car if he uses: If required, round your final answers to the nearest dollar a. The actual cost method? b. The automatic mileage method

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!

Problem 9-23 (a) (LO. 2) Bianca, who is self-employed, uses her automobile 70% for business and during 2019 drove a total of 23,000 business miles. Information regarding her car expenses is listed...

answer part b Problem 9-22 (Algorithmic) (LO. 2) Jackson, a self-employed taxpayer, uses his automobile 80% for business and during 2020 drove a total of 22,000 business miles Information regarding...

Problem 9-28 (b) (LO. 2) Ricardo, who is self-employed, uses his automobile 85% for business and during 2019 drove a total of 32,200 business miles. Information regarding his car expenses is listed...

oblem 9-23 (a) (LO. 2) anca, who is self-employed, uses her automobile 70% for business and during 2019 drove a total of 23,000 business miles. Inform garding her car expenses is listed below. $165...

9, Nicole, who is self-employed, uses her automobile 80% for business. During 2018, she drove a total of 10,000 business miles. Car expenses are listed below Business parking (all business relate),...

dropdowns: actual expense method or standard rate method Problem 9-28 (Algorithmic) (LO. 2) Jackson, a self-employed taxpayer, uses his automobile 72% for business and during 2020 drove a total of...

Problem 9-27 (Algorithmic) (LO. 2) Jackson, a self-employed taxpayer, uses his automobile 74% for business and during 2021 drove a total of 23,400 business miles. Information regarding his car...

Problem 9-28 (Algorithmic) (LO. 2) Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2020 drove a total of 15,000 business miles. Information regarding his car...

Problem 9-21 (Algorithmic) (LO. 2) Jackson, a self-employed taxpayer, uses his automobile 86% for business and during 2021 drove a total of 27,600 business miles. Information regarding his car...

Problem 9-21 (Algorithmic) (LO. 2) Jackson, a self-employed taxpayer, uses his automobile 88% for business and during 2022 drove a total of 15,000 business miles. Information regarding his car...

Was Liberatore acting within the scope of his employment? Was the Church negligent in hiring and supervising him? Was the Church liable for his criminal acts?

Healthy Hound, Inc., makes two lines of dog food: (1) Basic Chunks, and (2) Custom Cuts. The Basic Chunks line is a dry food that is processed almost entirely by an automated process. Custom Cuts is...

^ x ( sqrt ( 4 - e ^ 2 x ) )

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

2. What technologies are used by UPS? How are these technologies related to UPSs business strategy? United Parcel Service (UPS) started out in 1907 in a closet-sized basement office. Jim Casey and...

2. Identify the problems that businesses in this case study solved by using mobile digital devices. How much of your job can you do from the palm of your hand? Probably more than you think. Today...

1. What kinds of applications are described here? What business functions do they support? How do they improve operational efficiency and decision making? How much of your job can you do from the...