Amy works as an auditor for a large major CPA firm.During the months of September through November of each year,she is permanently assigned to the team auditing Garnet Corporation.As a result,every day she drives from her home to Garnet and returns home after work.Mileage is as follows: For these three months,Amy's deductible mileage for each workday is:

Question

Amy works as an auditor for a large major CPA firm.During the months of September through November of each year,she is permanently assigned to the team auditing Garnet Corporation.As a result,every day she drives from her home to Garnet and returns home after work.Mileage is as follows:  For these three months,Amy's deductible mileage for each workday is:

Quizplus · Accepted Answer

According to the IRS standard mileage rate for 2021, the deductible mileage rate for work-related trips is 56 cents per mile. Based on the given mileage, the total round trip deductible mileage for Amy is 22 miles (11 miles one way and 11 miles back). Therefore, for each workday, her deductible mileage is 44 miles (22 miles round trip twice a day). Multiplying 44 miles by 56 cents per mile gives us $24.64. Therefore, Amy's deductible mileage for each workday during these three months is $24.64, which rounds up to $25. The closest option is D which is 60.

Amy Works as an Auditor for a Large Major CPA