Penny Owns Her Own Business and Drives Her Car 12,000

question 52

Multiple Choice

Penny owns her own business and drives her car 12,000 miles a year for business and 3,000 miles a year for commuting and personal use.She wants to claim the largest tax deduction possible for business use of her car.Her total expenses related to her auto for 2013 are as follows:
$\begin{array}{lr}\text { Gas, oil, and maintenance } &\$ 4,050 \\\text { Insurance } &720 \\\text { Interest on car loan } &500 \\\text { Depreciation } &2,960 \\\text {License } &80 \\\text {Parking fees and tolls ( 100 \% business) } &130\end{array}$
Penny's total deduction for business use of the auto in 2013 is:

• A)$6,378
• B)$6,778
• C)$6,878
• D)$7,190
• E)$7,310

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Definitions:

Schizotypal Personality Disorder

A psychiatric condition marked by intense fear of social interactions, disturbed thoughts, paranoia, feelings of unreality, temporary psychotic episodes, and frequently, unusual beliefs.

Antisocial Personality Disorder

A psychological state characterized by a persistent disregard for morality and indifference to the rights and emotions of others.

Cruelty To Animals

Acts of violence or neglect perpetrated against animals.

Destruction Of Property

The act of intentionally damaging or destroying property belonging to another person.