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What amount is deductible if martha uses the actual expense

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Martha is self-employed and uses her personal automobile for business trips. During 2020, Martha drives her car 80% for business use and incurs the following total expenses (based on 100% use of car): Gas and oil $6000, Repairs $1800, Depreciation $4200, insurance and license fees $2500, Parking and tolls (business related) $110, Total $14610. Martha drives her car a total of 60000 miles (48000) business miles during 2020.

Question 1: What amount is deductible if Martha uses the standard mileage method?

Question 2: What amount is deductible if Martha uses the actual expense method?

Reference no: EM132661234

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