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

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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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A general term that refers to identifying and fixing issues or malfunctions within a personal computer’s hardware or software.

POST

Power-On Self-Test, a diagnostic testing sequence run by a computer's firmware on startup to check the system's hardware.

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