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Ted purchased a vehicle for business and personal use. In 2015, 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 2015?
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Sustainable Competitive Advantage
A unique attribute or position a company sustains over time, which allows it to outperform competitors.
Competitive Advantage
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A business that provides expert advice to other organizations or individuals in a professional field.
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