Jan Has a Company Car for Both Business and Personal

question 32

Multiple Choice

Jan has a company car for both business and personal use.Which of the following statements is correct regarding the use of the car?

• A)The company can never deduct full depreciation on the car because Jan uses it for personal trips.
• B)The company only has to charge Jan 30 cents per mile for any of her personal mileage.
• C)If the car cost less than $15,000, the company does not have to charge Jan anything for her personal use.
• D)If Jan lives in a high-crime area and only uses the car for commuting to work, she has income equal to $1.50 per one-way trip.

---

Definitions:

Esteem

The respect, admiration, or high regard that an individual is held in by others or themselves; often relates to one's reputation or standing within a community.

Belonging

An emotional need to be part of a group, feeling connected and accepted by others.

Maslow's Need Hierarchy

A theory in psychology that prioritizes human needs in a pyramid structure, from basic physiological needs to self-actualization at the top.

Lower Needs

Basic physiological and safety needs in Maslow's hierarchy, such as food, water, shelter, and security.