Brittany,who is an employee,drove her automobile a total of 20,000 business miles in 2017.This represents about 75% of the auto's use.She has receipts as follows:

Brittany's AGI for the year is $50,000,and her employer does not provide any reimbursement.She uses the standard mileage rate method.After application of any relevant floors or other limitations,Brittany can deduct

Question

Brittany,who is an employee,drove her automobile a total of 20,000 business miles in 2017.This represents about 75% of the auto's use.She has receipts as follows:

Brittany's AGI for the year is $50,000,and her employer does not provide any reimbursement.She uses the standard mileage rate method.After application of any relevant floors or other limitations,Brittany can deduct

Quizplus · Accepted Answer

A) (20,000 miles × .535 + $500 parking + $200 tolls - $1,000 (2% of AGI)) = $10,400. The cost of repairs would not be added to the standard mileage method.

Brittany,who Is an Employee,drove Her Automobile a Total of 20,000