Deduction as business expenses

Reference no: EM13135315

Gabby operates a pizza delivery service. This year he paid delivery personnel $25,000 in salary and leases on auto for deliveries. He carefully documented the use of auto (11700 miles this year) and his $7350 of vehicle expenses (for gas, oil, repairs and lease payments). What amount of these expenses may Gabby deduct as business expenses? Gabby is on the cash method calendar year.

Reference no: EM13135315

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