Problem 9-28 (LO. 2) Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2020 drove a total of 14,000 business miles Information regarding his car expenses is listed below. Business parking Auto Insurance $ 140 1,300 180 200 210 Auto club dues (includes towing service) Toll road charges (business-related) Oil changes and engine tune-ups Repairs Depreciation allowable Fines for traffic violations (incurred during business use) Gasoline purchases 160 2,850 320 2,800 What is Jackson's deduction in 2020 for the use of his car if he uses 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 standard rate method If the actual expense method 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 (0.9. updated weekly daily)