Marion drives 20 miles a day from his first job to his second job.He worked 125 days during 2017 on both jobs.What is Marion's mileage deduction rounded to the nearest dollar assuming he uses the standard mileage rate and mileage is incurred ratably throughout the year?

Question

Quizplus · Accepted Answer

The standard mileage rate for business miles driven must be applied to the total miles driven for work. If Marion drives 20 miles a day for 125 days, he drives a total of 2,500 miles (20 miles/day * 125 days). Assuming the standard mileage rate for 2017 was 53.5 cents per mile, the deduction would be 2,500 miles * $0.535/mile = $1,337.50, which rounds to $1,338.

Marion Drives 20 Miles a Day from His First Job