AC256-02-Stephanie HallHawkins-Unit 5 project

AC256-02-Stephanie HallHawkins-Unit 5 project - 4-41-5...

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Unformatted text preview: 4-41-5 Vehicle expenses 11 Enter the date the vehicle was placed into service 12 Total miles the vehicle was driven during 2009 13 Business miles included on line 12 14 Percent of business use 15 Average Daily roundtrip commuting expense 16 Commuting miles included on line 12 17 Other miles 1/1/2009 17802 16965 95% 837 22 Multiply line 13 by $.55 23 Gas, oil, repairs insurance, etc 24 Vehicle Rentals (inclusion amount) 25 Value of employer provided vehicle 26 sum of 23, 24, 25 27 Multiply line 26 by the percentge on line 14 28 Depreciation 29 Add Lines 27 and 28 1 Vehicle expenses from line 22 Parking fees tolls and transportation that did not include 2 overnight travel or commuting to and from work 3 Travel expense while away from home 4 Business expenses not included on lines 1 through 3 5 Meals and entertainment expenses 6 Total expenses 7 Reimbursements from employer 8 Subtract line 7 from line 6 9 enter the amount from line 8 10 Total expenses 4-41-7 a Gross income from business less mortgage interest and real estate taxes balance less utilities balance less depreciation (maximum allowed) Net income Total of deduction b Gross income from business less mortgage interest and real estate taxes balance less utilities balance less depreciation (maximum allowed) Net income Total of deduction 4-42-11 a $1,550.00 $9,330.75 $9,330.75 $250.00 $9,580.75 $9,580.75 $9,580.75 $9,580.75 $2,400.00 $825.00 $1,575.00 $500.00 $1,075.00 $1,075.00 $$2,400.00 $2,600.00 $825.00 $1,775.00 $500.00 $1,275.00 $1,275.00 $$2,600.00 b Dues to a country club and a tennis club are not deductible. Nondeductible club dues include dues paid to country clubs , business luncheon clubs, and airline and hotel clubs. The tennis fees clearly state that they were for personal use so they are not deductible and only 50% of the business meals are deductible as entertainment expenses. $3,902.00 $3,902.00 $3,718.54 $2,304.00 $6,022.54 ...
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AC256-02-Stephanie HallHawkins-Unit 5 project - 4-41-5...

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