Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. chelsea, who is self - employed, drove her automob

Chelsea, who is self - employed, drove her automobile a total of 20,000 business miles...

90.2K

Verified Solution

Question

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

1). Unlike the female's ovaries, the male's testes are found within the scrotum outside of the...

General Management
1.2K views

Offer suggestions on how revenue management can be used to actually enhance guest loyalty in the...

Biology
1.2K views

Most parasitic fungi cause disease in other types of fungi O animals bacteria

Physics
1.2K views

A long wire carrying current I is bent into the shape as shown in the...

Algebra
1.2K views

Goo A Mati N Stud Isl exe 10 u IgNslkr7j8P3jH IB Homework C3S4 Question 8...

Algebra
1.2K views

Deborah takes 45 minutes to stitch a skirt and a shirt. She takes 70 minutes...

Accounting
1.2K views

In the case 18-3 Nailed It! Construction, if we change Nailed It!s revenue from $1.5...

Accounting
1.2K views

Answer question no. 2 only, Answer within 1 hours 30...

Accounting
1.2K views

12. A company reports the following information for its direct labor. Actual hours of...

Accounting
1.2K views

I know headquarters wants us to add that new product line, said Brian Stettler, manager...

Accounting
1.2K views

Susan takes the exam. There are three multiple-choice questions she doesn't know which answer is...

Finance
1.2K views

3. Which company is better positioned to pay its bills in the short-run (i.e., is...