Lara uses the standard mileage method for determining auto expenses. During 2016, she used her...

80.2K

Verified Solution

Question

Accounting

Lara uses the standard mileage method for determining auto expenses. During 2016, she used her car as follows: 17,000 miles for business, 3,400 miles for personal use, 5,100 miles for a move to a new job, 1,700 miles for charitable purposes, and 850 miles for medical visits. Presuming that all the mileage expenses are allowable (i.e., not subject to percentage limitations), what is Lara's deduction for:

a.) Business?

b.) Moving?

c.) Charitable?

d.) Medical?

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