The statement that Gary's car is not considered a passenger automobile for tax purposes is false. The correct answer is option b false.
Step-by-step explanation:
The question whether Gary's car, which he uses for driving for Uber, is considered a passenger automobile for tax purposes, can have implications for the type of tax deductions and reporting requirements he may have. However, the concept introduced regarding the underground economy does not directly answer whether Gary's use of his car for Uber drives would make his car a passenger automobile from a tax perspective or not. This is because working for Uber, in most cases, requires drivers to declare their income and pay taxes, unlike the underground economy where transactions typically go unregulated and untaxed.
For tax purposes in many jurisdictions, provided Gary is declaring his income to the appropriate authorities, his car can indeed be considered a passenger automobile because it is used to transport passengers for a fee, which is a regular business activity. Hence, the statement that his car is not considered a passenger automobile for tax purposes is false.
To be prudent, Gary should consult the specific tax regulations of his country or region as these rules can differ significantly around the world. This would ensure accurate tax filings and prevent misunderstandings with tax authorities.