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Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto expenses. During 2020, she used her car as follows: 20,600 miles for business, 4,120 miles for personal use, 6,180 miles for a move to a new job, 2,060 miles for charitable purposes, and 1,030 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: > If required, round your answers to the nearest dollar. a. Business? 9,775 X Feedback b. Charitable? 288 Feedback c. Medical? 175 Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto expenses. During 2020, she used her car as follows: 20,600 miles for business, 4,120 miles for personal use, 6,180 miles for a move to a new job, 2,060 miles for charitable purposes, and 1,030 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: > If required, round your answers to the nearest dollar. a. Business? 9,775 X Feedback b. Charitable? 288 Feedback c. Medical? 175

Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto expenses. During 2020, she used her car as follows: 20,600 miles for business, 4,120 miles for personal use, 6,180 miles for a move to a new job, 2,060 miles for charitable purposes, and 1,030 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: > If required, round your answers to the nearest dollar. a. Business? 9,775 X Feedback b. Charitable? 288 Feedback c. Medical? 175 Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto expenses. During 2020, she used her car as follows: 20,600 miles for business, 4,120 miles for personal use, 6,180 miles for a move to a new job, 2,060 miles for charitable purposes, and 1,030 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: > If required, round your answers to the nearest dollar. a. Business? 9,775 X Feedback b. Charitable? 288 Feedback c. Medical? 175

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto expenses. During 2020, she used her car as follows: 20,600 miles for business, 4,120 miles for personal use, 6,180 miles for a move to a new job, 2,060 miles for charitable purposes, and 1,030 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: > If required, round your answers to the nearest dollar. a. Business? 9,775 X Feedback b. Charitable? 288 Feedback c. Medical? 175
Transcribed Image Text:Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto expenses. During 2020, she used her car as follows: 20,600 miles for business, 4,120 miles for personal use, 6,180 miles for a move to a new job, 2,060 miles for charitable purposes, and 1,030 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: > If required, round your answers to the nearest dollar. a. Business? 9,775 X Feedback b. Charitable? 288 Feedback c. Medical? 175
Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto expenses. During 2020, she used her car as follows: 20,600 miles for business, 4,120 miles for personal use, 6,180 miles for a move to a new job, 2,060 miles for charitable purposes, and 1,030 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: > If required, round your answers to the nearest dollar. a. Business? 9,775 X Feedback b. Charitable? 288 Feedback c. Medical? 175
Transcribed Image Text:Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto expenses. During 2020, she used her car as follows: 20,600 miles for business, 4,120 miles for personal use, 6,180 miles for a move to a new job, 2,060 miles for charitable purposes, and 1,030 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: > If required, round your answers to the nearest dollar. a. Business? 9,775 X Feedback b. Charitable? 288 Feedback c. Medical? 175
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