Question

Andrew, who operates a laundry business, incurred the following expenses during the year. ∙ Parking ticket of $250 for one of his delivery vans that parked illegally. ∙ Parking ticket of $75 when he parked illegally while attending a rock concert in Tulsa. ∙ DUI ticket of $500 while returning from the rock concert. ∙ Attorney's fee of $600 associated with the DUI ticket. What amount can Andrew deduct for these expenses? a.$250. b.$0. c.$1,425. d.$600.

Answer 1

The correct answer is letter "A": $250

Explanation:

The $250 corresponds to a ticket issued because of parking one of Andrew's laundry delivery vans illegally. As this is a business-related issue, Andrew can deduct that amount from his personal obligations something that cannot be done in the rest of the cases where Andrew must be responsible for his actions under personal tittle.