Barney is self-employed and drove his vehicle 15,000 miles in 2019.  10,000 miles were for business.   He has the following expenses  Gas & oil $1,800.  Car insurance  $600.  Depreciation $2,700. Taxes  $300.  How much can he deduct using actual expenses? Group of answer choices A.$5,750 B.$3,618 C.$4,806 D.$5,400

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter9: Deductions: Employee And Self- Employed-related Expenses
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Barney is self-employed and drove his vehicle 15,000 miles in 2019.  10,000 miles were for business.   He has the following expenses  Gas & oil $1,800.  Car insurance  $600.  Depreciation $2,700. Taxes  $300.  How much can he deduct using actual expenses?

Group of answer choices
A.$5,750
B.$3,618
C.$4,806
D.$5,400
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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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