Chris opena a chiropractie office in Houston on January 1, 2018. In 2018, Chris drives a total of 4,200 miles from hisoffice to elients' homes to do chiropraetie adjustments. In addition, he driven a total of 3,000 miles for commutingbetween his home and his ofice in 2018. He elects to use the standard mileage method. Oa January 1, 2018, Chrispurchases an annual subscription to a chiropractic journal for $200 and a l-year medical reference service for $500.Calculate Chris's deduction for the above items for the 2018 tax year.

Chris opens a chiropractie office in Houston on January 1, 2018. In 2018, Chris drives a total of 4,200 miles from his effice to elients homes to do chiropractie adjustmants. In addition, he drives a total of 3,000 miles for commuting between his home and his office in 2018. He elects to use the standard mileage method. On January 1, 2018, Chris purchases an annual subscription te a chiropractic journal for $200 and a l-year medical reference service for $500. Caleulate Chris's deduction for the above itema for the 2018 tax year.

Chris opens a chiropractie office in Houston on January 1, 2018. In 2018, Chris drives a total of 4,200 miles from his effice to elients homes to do chiropractie adjustmants. In addition, he drives a total of 3,000 miles for commuting between his home and his office in 2018. He elects to use the standard mileage method. On January 1, 2018, Chris purchases an annual subscription te a chiropractic journal for $200 and a l-year medical reference service for $500. Caleulate Chris's deduction for the above itema for the 2018 tax year.

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter3: Business Income And Expenses

Section: Chapter Questions

Problem 15P

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