Multiple Choice
Cole purchased a car for business and personal use.In 2016,he used the car 60% for business 13,000 total use miles) and used the standard mileage rate to calculate his vehicle expenses.He also paid $1,500 in interest and $360 in county property tax on the car.What is the total business deduction related to business use of the car rounded to the nearest dollar?
A) $1,860.
B) $6,072.
C) $5,328.
D) $4,212.
Correct Answer:
Verified
Correct Answer:
Verified
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