June uses her personal car for work as an employee. For the year, June drove 5,000 business miles and 30,000 total miles. Her car-related expenses include $4,000 for gas; $600 for insurance; $200 for registration fees; $3,000 depreciation, and $100 for business-related parking and tolls. June's employer does not reimburse her for the use of her car. Using the actual method, not mileage method, What is June's car expense deduction for the year?

June uses her personal car for work as an employee. For the year, June drove 5,000 business miles and 30,000 total miles. Her car-related expenses include $4,000 for gas; $600 for insurance; $200 for registration fees; $3,000 depreciation, and $100 for business-related parking and tolls. June's employer does not reimburse her for the use of her car. Using the actual method, not mileage method, What is June's car expense deduction for the year?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter9: Deductions: Employee And Self- Employed-related Expenses

Section: Chapter Questions

Problem 28P

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