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:
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For these three months,Amy's deductible mileage for each workday is:

Quizplus · Accepted Answer

Amy can deduct the mileage she drives from her home to the Garnet Corporation and back as it qualifies for business mileage. As she is permanently assigned to the Garnet team, her drives to and from there count as ordinary and necessary business expenses. The IRS standard mileage rate for business in 2021 is 56 cents per mile, so for a round trip of driving from home to work and back, Amy can deduct 56 x 2 = 112 cents or $1.12 per mile. Assuming Amy works an average of 22 workdays per month, her deductible mileage for each workday is 22 x $1.12 = $24.64. Therefore, for three months (September through November), her total deductible mileage for each workday is 3 x $24.64 = $73.92. Since $73.92 is greater than $60, the correct answer is D.

Amy Works as an Auditor for a Large Major CPA