Chelsea,who is self-employed,drove her automobile a total of 20,000 business miles in 2016.This represents about 75% of the auto's use.She has receipts as follows: Chelsea has an AGI for the year of $50,000.Chelsea uses the standard mileage rate method.After application of any relevant floors or other limitations,she can deduct
A)$11,500.
B)$12,200.
C)$10,800.
D)$11,325.

Question

Chelsea,who is self-employed,drove her automobile a total of 20,000 business miles in 2016.This represents about 75% of the auto's use.She has receipts as follows:  Chelsea has an AGI for the year of $50,000.Chelsea uses the standard mileage rate method.After application of any relevant floors or other limitations,she can deduct
A)$11,500. 
B)$12,200. 
C)$10,800. 
D)$11,325.

Quizplus · Accepted Answer

The Answer of Chelsea,who is self-employed,drove her automobile a total of 20,000 business miles in 2016.This represents about 75% of the auto's use.She has receipts as follows:  Chelsea has an AGI for the year of $50,000.Chelsea uses the standard mileage rate method.After application of any relevant floors or other limitations,she can deduct
A)$11,500. 
B)$12,200. 
C)$10,800. 
D)$11,325.

Chelsea,who Is Self-Employed,drove Her Automobile a Total of 20,000 Business