The actual cost of gasoline, oil, depreciation, repairs, and insurance for the year was $7,832
January 3, 2018
An alternative approach to hedging risk is to focus instead of diversify.
January 3, 2018

Calculate Carey’s deduction for the above items for the 2016 tax year

Carey opens a law office in Chicago on January 1, 2016. On January 1, 2016, Carey purchases an annual subscription to a law journal for $170 and a 1-year legal reference service for $1,500. Carey also subscribes to Chicago Magazine for $54 so she can find great places to eat dinner and keep up with the latest midwestern trends. Calculate Carey’s deduction for the above items for the 2016 tax year. View Solution:
Carey opens a law office in Chicago on January 1

 

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