Alvin Is a Self-Employed Sound Technician Who Reports on the Cash

question 91

Essay

Alvin is a self-employed sound technician who reports on the cash method and calendar year. Alvin has a shop in Austin, Texas, but he spends much of his time away from his shop traveling to and from various concerts around the country. Alvin leases a truck to move his equipment around the country, and this year, he spent $12,000 in lease payments and paid $18,000 for gas, oil, and repairs. Alvin keeps records of his personal use of the truck and he estimates that 6,000 of the total 36,000 miles put on the truck this year were for personal trips. What amount of these expenses may Alvin deduct as business expenses?

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Definitions:

Malicious Code

Software or code designed to harm a computer, network, or server, often spreading viruses or stealing information.

Malicious Websites

Websites designed to harm or trick users by spreading malware, stealing personal information, or engaging in fraudulent activities.

White-Hat Hacker

A cybersecurity specialist who ethically breaches security systems to identify vulnerabilities and improve system protections, often employed by organizations.

Security Vulnerabilities

Weaknesses in a system that can be exploited to compromise its security or functionality.