Rico operates a caf in a major shopping centre. He uses his Holden to travel to suppliers
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Question:
Rico operates a caf in a major shopping centre. He uses his Holden to travel to suppliers and other business related meetings. During the 2021/22 tax year, Rico paid the following amounts:
- Lease Payments on Holden 8600
- Petrol 3200
- Services 1200
- Parking Meters (during private trips) 270
- Registration and Insurance 1700
- Speeding Fines (during business trips) 800
- Car Washes 290
- Road tolls(during travel fromhometoshop) 480
- Members hiptomotorists' association 60
- Car hire while on business trip to New Zealand 700
- Installation of Air-Conditioner(30June2022) 1600
- Drivers Licence 100
What is the total of Rico's car expenses for the purposes of using Division 28 methods of calculation?
Related Book For
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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