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Question 3 O out of 2 points Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ry
Question 5 O out of 2 points Assume Sarah is a cash- method calendar-year taxpayer. She made a $400 payment for dinner with o
Question 9 O out of 3 points Ben teaches golf lessons at a country club under a business called Bens Pure Swings (BPS). He o
O out of 2 points Question 11 Dustin has a contract to provide services to Dado Enterprises. In November of this year, Dustin
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Answer #1

As per HomeworkLib policy if there are multiple questions we solve only first question.

Answer for QUESTION 3.

Total miles traveled = 12000


Total miles pertaining to business purpose = 3,000


therefore, percentage use of vehicle for business purpose = ( (3000 / 12000) * 100) = 25%


Therefore, the following expense can be allocated towards business:


(i) Gasoline expense = $1400 * 25% = $350


(ii) Depreciation expense = $3000 * 25% = $750

Total business expense =$1100

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