Haley, a self-employed individual, drove her automobile a total of 20,000 business miles in 2018. This represents about 75% of the auto's use. She has receipts as follows:
If Haley uses the standard mileage rate method, how much can she deduct as a business expense?
A) $12,500
B) $11,600
C) $11,200
D) $11,000
Correct Answer:
Verified
Q42: Nick owns a home in Daytona Beach,
Q44: Isabel owns a vacation home in Hawaii.During
Q47: Gigi's legal expenses for the year included
Q54: Which of the following business expenses is
Q74: Other Objective Questions
Designate whether the following expenses
Q81: Bob works for Brandon Corporation. Brandon reimburses
Q82: Fabricio, Inc. is an accrual-basis corporation. It
Q88: Nicholas wanted to take an important customer
Q96: Donald, a sole proprietor, worked in Chicago
Q100: Andrew's hobby is painting. During 2018, Andrew
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents