How much may jr deduct as travel and transportation expense, Accounting Basics

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How much may jr deduct as travel and transportation expense

Happy Lucky drove her car a total of 18,000 miles during 2013. Of this, 12,000 miles was related to business for JR Enterprises. Happy paid $4,500 for gas, $5,500 for repairs, and $500 for tires during the year. Happy accounted to JR for these actual expenses and received a reimbursement for the business portion. How much may JR deduct as travel and transportation expense?

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Accounting Basics: How much may jr deduct as travel and transportation expense

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Accounting Basics: How much may jr deduct as travel and transportation expense

Reference No:- TGS0697994

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the amount of mr d automobile expense

Q : How much each sister weigh if their weight relation is given

Q : What current flows in the second wire

Q : Depreciation for fractional years

Q : How much may jr deduct as travel and transportation expense

Q : How many miles did each truck travel before they met

Q : What is the maximum value of the rms current

Q : How much can fronton deduct as business expenses

Q : What would the entry be to close the expenses.

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much may jr deduct as travel and transportation expense

Reference No:- TGS0697994

Recent Questions Asked Accounting Basics

Q : What is the amount of mr d automobile expense

Q : How much each sister weigh if their weight relation is given

Q : What current flows in the second wire

Q : Depreciation for fractional years

Q : How much may jr deduct as travel and transportation expense

Q : How many miles did each truck travel before they met

Q : What is the maximum value of the rms current

Q : How much can fronton deduct as business expenses

Q : What would the entry be to close the expenses.

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