Chelsea,who is self-employed,drove her automobile a total of 20,000 business miles in 2013.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) $11,000.
B) $12,000.
C) $11,825.
D) $13,000.
Correct Answer:
Verified
Q31: Gayle,a doctor with significant investments in the
Q31: Norman traveled to San Francisco for four
Q45: Alex is a self-employed dentist who operates
Q58: Matt is a sales representative for a
Q60: Sarah incurred employee business expenses of $5,000
Q67: Edward incurs the following moving expenses:
Q70: Donald takes a new job and moves
Q73: Rajiv,a self-employed consultant,drove his auto 20,000 miles
Q74: Brett,an employee,makes the following gifts,none of which
Q77: The following individuals maintained offices in their
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents