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Rajiv,a Self-Employed Consultant,drove His Auto 20,000 Miles This Year,15,000 to Meetings

question 68

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Rajiv,a self-employed consultant,drove his auto 20,000 miles this year,15,000 to meetings with clients and 5,000 for commuting and personal use. The cost of operating the auto for the year was as follows: Rajiv,a self-employed consultant,drove his auto 20,000 miles this year,15,000 to meetings with clients and 5,000 for commuting and personal use. The cost of operating the auto for the year was as follows:   Rajiv's AGI is $100,000 before considering the auto costs. Rajiv has used the actual cost method in the past. What is Rajiv's deduction for the use of the auto after application of all relevant limitations? A) $8,325 B) $9,000 C) $6,325 D) $7,000 Rajiv's AGI is $100,000 before considering the auto costs. Rajiv has used the actual cost method in the past. What is Rajiv's deduction for the use of the auto after application of all relevant limitations?


Definitions:

Anterior and Posterior

Terms used to describe the location of anatomical structures, with anterior meaning towards the front and posterior meaning towards the back.

Lumbar

Pertaining to the lower back part of the spine comprising the five vertebrae between the rib cage and the pelvis.

Lower Back

The lumbar region of the spine, often associated with back pain due to its role in supporting the upper body.

Axillary

Pertaining to the armpit area, including structures such as lymph nodes, blood vessels, and nerves located within this region.

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