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Calculate the total business deduction related to the car

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Reference no: EM132462000

Question 1: How do  solve this problem for total deduction on schedule C and on schedule A?

Problem 1: Jose purchased a vehicle for business and personal use. In 2018, he used the vehicle 16,500 miles (80% of total) for business and calculated his vehicle expenses using the standard mileage rate (mileage was incurred ratably throughout the year). He paid $1,500 in interest and $145 in property taxes on the car. Calculate the total business deduction related to the car: (Round your final answer to the nearest whole dollar value.)

Reference no: EM132462000

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