(A). During 2018, Caroline (a self-employed accountant who also works part-time for a CPA firm)...

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Accounting

(A). During 2018, Caroline (a self-employed accountant who also works part-time for a CPA firm) used her car as follows: 12,000 miles (business), 1,400 miles (commuting), and 4,000 miles (personal). In addition, she spent $440 for tolls (business) and $620 for parking (business). If Caroline uses the automatic mileage method, what is the amount of her deduction?

(B) Sebastian uses his automobile for both business and personal use and claims the automatic mileage rate for all purposes. During 2018, his mileage was as follows:

Miles Driven

Personal 4,000

Business 8,000

Medical 1,800

Charitable 1,500

Qualifying education (MBA program) 800

How much can Sebastian claim for mileage?

Please show work, thank you

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