Ted Purchased a Vehicle for Business and Personal Use

question 52

Essay

Ted purchased a vehicle for business and personal use.In 2014,Ted used the vehicle 70% for business (10,000 business miles)and used the standard mileage rate to calculate his vehicle expenses.Ted also paid $1,200 in interest and $380 in county property tax on the car.What is the total business deduction related to business use of the car in 2014?

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Definitions:

Punishment

An action that is taken to reduce the likelihood of a behavior recurring by applying an adverse stimulus or removing a positive stimulus following the behavior.

Reinforcement

In psychology, a process by which a stimulus or event strengthens or increases the probability of a response or behavior it follows.

Observational Learning

Learning that occurs through observing the behavior and outcomes of others' actions rather than through direct experience.

Motor Reproduction

The process of imitating or reproducing a specific motor action or behavior, often a phase in observational learning.