Ving purchased a previously-owned vehicle which met all the qualifications for the Clean Vehicle Credit. He spent $23,000 on the vehicle. What is his allowable credit? $0 $4,000 $6,900 $7,500
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Ving purchased a previously-owned vehicle which met all the qualifications for the Clean Vehicle Credit. He spent $23,000 on the vehicle. What is his allowable credit? $0 $4,000 $6,900 $7,500
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- Bill recently had his truck slide off a gravel road and strike a tree. Bill's vehicle suffered $17,500 in damage. The truck has a book value of $40,000. Bill carried collision insurance with a $500 deductible. How much will Bill be reimbursed by his policy?Bill Converse of Rexburg, Idaho, recently had his truck slide off a gravel road and strike a tree. Bill's vehicle suffered $18,000 in damage. The truck has a book value of $38,000. Bill carried collision insurance with a $400 deductible. How much will Bill be reimbursed by his policy? Round your answer to the nearest dollar. $You damage your car in an accident that is covered by your collision insurance, which has a $200 deductible. If the damage to your car costs $1,200, the insurance company would pay ___.
- Saheel has $25,000 property damage insurance and $5,000 comprehensive and collision insurance with a $250 deductible. One evening he slides on a patch of ice and hits a parked car, causing $4,500 worth of damage. The accident causes $1,750 of damage to his own car. How much will the insurance pay to fix both cars?. Tyler has the following auto expenses: Gas $1,500 Maintenance $250 Parking Fee for work $150 Depreciation $ 1,000 Tyler drove the car 12,000 miles total and has evidence of 9,000 business miles. What is Tyler's auto expense deduction if he elects standard mileage? $6, 265 $6,045 $6,415 $5,895 S $6,265 O $6,045 O $6,415 O $5,895 C Tyler has the following auto expenses: Gas $1,500 Maintenance $250 Parking Fee for work $150 Depreciation $1,000 Tyler drove the car 12,000 miles total and has evidence of 9,000 business miles. What is Tyler's auto expense deduction if he elects standard mileage?Raymond has $12,000 worth of property damage insurance and a $1,200 deductible collision insurance policy. He had a tire blowout while driving and crashed into a $1,500 brick wall. The crash caused $3,800 in damages to his car. a. How much will the insurance company pay for the brick wall? b. How much will the insurance company pay for the damage to the car? $ 27
- Robert had an accident and injured a driver and her car. He has auto insurance with the minimum coverage for Illinois He also has medical payments coverage of $1,000 and a $250 deductible on his collision coverage. The driver's injuries cost $5,000 and damages to her car cost $3,000. Robert's car had damages costing $4,000. How much will the Insurance company pay for these claims? O A. $11,750 O B. $11,250 O C. $3,750 O D. $12,000Ricardo's car was damaged in an accident. The cost to repair the car will be $3,240. His deductible is $500. How much will Ricardo's insurance company pay?Jim Nike of Rifle, Colorado, recently had his truck slide off a gravel road and strike a tree. Jim's vehicle suffered $16,000 in damage. The truck has a book value of $25,000. Jim carried collision insurance with a $1,000 deductible. Bill will be reimbursed
- Jamie has 100/300/100 vehicle insurance. He has a $100 deductible on comprehensive and a $1,000 deductible on collision. Jamie had an at fault crash into another vehicle while texting. Carolyn, Larry, and Maria, the driver and passengers in the other vehicle, were injured. Carolyn's medical care was $34.664 and Maria's medical care was $57,025. Larry was not injured. Their car required $12,320 to repair. Jamie's vehicle had $11,570 in damages but he had no injuries. How much will the insurance company be responsible for paying and to whom? How much, if any, will Jamie be responsible for paying? How much, if any, will Jamie be responsible tor paying for any medical caro? O A. Jamie is responsible for paying only Carolyn's modical care, $34,664. OB. Jamie is responsible for paying only Maria's medical care, $57,025. O. Jamie is rosponsible for paying Carolyn's and Maria's medical care, $91,689. OD. Jamie is not responsible for paying any medical care. > How much, it any, will the…Masoud drove his vehicle exclusively for ride-hailing in 2022. He drove 8,354 total miles, 4,300 from January 1 to June 30 and the remainder (4,054) after that. His actual expenses were: Gas and oil $2,150 Auto insurance $1,350 New tires $500 Registration fees $450 Depreciation $1,200 New brakes $300 Speeding ticket $250 What is Masoud's allowable vehicle expense deduction?Barney is self-employed and drove his vehicle 15,000 miles in 2019. 10,000 miles were for business. He has the following expenses Gas & oil $1,800. Car insurance $600. Depreciation $2,700. Taxes $300. How much can he deduct using actual expenses? Group of answer choices A.$5,750 B.$3,618 C.$4,806 D.$5,400
