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If you're not an expert at spotting tax-savingoppor-tunities, it may be time to give your business a taxcheck-up. Here's your chance to see how much you really knowabout keeping Uncle Sam's hand out of your pocket while stayingoff the IRS' audit list.
Take this quiz, prepared by Tom Lauletta and Susan Jacksack,attorneys and analysts for the CCH Business Owner's Toolkit, aRiverwoods, Illinois, provider of legal, tax and businessinformation, to see whether you're up to date on the ins andouts of income taxes for business. (Watch out--some questions havemore than one correct answer.) To find out how you rate, check outthe answers and score card at the bottom of the page.
1. When figuring your deductible costs for business use of acar, the 1996 standard business mileage rate for passengerautomobiles, vans, pickups or panel trucks is:
