Jamison owns a rental cabin in Mammoth,and travels there for maintenance three times a year,between January and June.The round trip to Mammoth from San Diego where Jamison lives,is approximately 405 miles.How much travel costs can Jamison deduct per year related to his rental cabin? (Round your answer to the nearest whole number)

Question

Quizplus · Accepted Answer

To calculate the total travel costs, we need to find the total miles traveled by Jamison per year, which is 3 trips * 2 (round trip) * 405 miles = 2,430 miles. Then, we multiply this by the standard mileage rate for 2021, which is 56 cents per mile. Therefore, the total travel costs for Jamison is 2,430 miles * $0.56 = $1,360. However, since he can only deduct the costs related to his rental cabin, we can assume that half of his trips were personal and half were for maintenance. Therefore, he can only deduct half of the total costs, which is $680. Rounded to the nearest whole number, the answer is B) $680.

Jamison Owns a Rental Cabin in Mammoth,and Travels There for Maintenance