Chelsea, who is self - employed, drove her automobile a total of 20,000 business miles...
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Accounting
Chelsea, who is self - employed, drove her automobile a total of 20,000 business miles in 2019. This represents about 75% of the auto's use. She has receipts as follows:
Parking (business only) $500 Tolls (business only) 200 Repairs $1,000 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) $9400
B) $11325
C) $10800
D) $12200
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