June uses her personal car for work as an employee using


Question - 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?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: June uses her personal car for work as an employee using
Reference No:- TGS02754960

Now Priced at $25 (50% Discount)

Recommended (98%)

Rated (4.3/5)