Answer:
How much of this can he deduct from adjusted gross income?
$0
Explanation:
Don't use your business account to pay personal expenses! Many small business owners make a common mistake: They use their business checking account or business credit card to pay personal expenses. Or they'll do the right thing and exclude them from the business tax return because they were, indeed, personal.
The answer is: 145-390
Explanation:
According to the studies noted in the textbook, fractional aircraft ownership is cost effective with a travel budget less than $200,000 and an expectation of flying “145-390” hours per year.
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