Chelsea,who is self-employed,drove her automobile a total of 20,000 business miles in 2019.This represents about 75% of the auto's use.She has receipts as follows: $$\begin{array} {| l | r |}
\hline \text { Parking (business only) } & \$ 500 \
\hline \text { Tolls (business only) } & 200 \
\hline \text { Repairs } & \$ 1,000 \
\hline
\end{array}$$ Chelsea uses the standard mileage rate method.She can deduct

Question

Chelsea,who is self-employed,drove her automobile a total of 20,000 business miles in 2019.This represents about 75% of the auto's use.She has receipts as follows: $$\begin{array} {| l | r |} 
\hline \text { Parking (business only) } & \$ 500 \
\hline \text { Tolls (business only) } & 200 \
\hline \text { Repairs } & \$ 1,000 \
\hline
\end{array}$$ Chelsea uses the standard mileage rate method.She can deduct

Quizplus · Accepted Answer

The standard mileage rate for 2019 is $0.58 per mile. Chelsea can deduct 20,000 miles x $0.58 = $11,600 for mileage. Additionally, she can deduct parking and tolls for business use, which are $500 + $200 = $700. Total deduction is $11,600 + $700 = $12,300.

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