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What amount that Ernie claim for Motor vehicle expenses

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Question - Ernie Dodd commenced business as a property developer in Wollongong and leased a new Lexus car on 1 July 2020. He kept a logbook for six months that showed 25,000kms travelled to 31 December 2021 of which 59% was for business trips. During the year ended 30 June 2021, he paid the following expenses:

Petrol $4,800

Maintenance 1,400

Driver Licence 115

Lease payments 15,600

Rego and insurance 2,900

Parking fines( work related) 320

Required - What the amount that Ernie could claim for Motor vehicle expenses for the year ended 30 June 2021?

a. $14,830

b. $14,641

c. $14,573

d. $7,286

Reference no: EM133051305

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