Paul is a self-employed investment adviser who uses his automobile for business. Paul drove his automobile a total of 25
Posted: Wed Jul 06, 2022 6:26 am
Paul is a self-employed investment adviser who uses hisautomobile for business. Paul drove his automobile a total of25,000 miles during 2021; 80 percent was business mileage. Theactual cost of gasoline, oil, depreciation, repairs, and insurancefor the year was $6,200. a. How much is Paul's transportationdeduction based on the standard mileage method?