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(Solved): c. What records must Jackson maintain? Keeping a written or electronic log of miles driven, the dat ...
c. What records must Jackson maintain?
Keeping a written or electronic log of miles driven, the dates the automobile was used, the location of travel, and the business purpose is
enough evidence for the standard rate method ,. If the actual expense method v is used, keeping copies of receipts,
canceled checks, and bills in addition to a mileage log is sufficient. Records and logs should be kept contemporaneously (e.g., updated
weekly or daily).