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:

Accessibility Checker

A tool in software applications that helps identify and fix issues that might hinder users with disabilities from accessing content.

Check For Issues

A feature in many software applications that scans for potential problems or conflicts within documents or projects.

Custom Show

A feature in presentation software that allows the user to create a personalized sequence or subset of slides from a larger presentation for specific audiences.

Presenter View

A feature in presentation software that allows the presenter to view upcoming slides and notes on one screen while the audience sees only the current slide on another.