Lara uses the standard mileage method for determining auto expenses. During 2023, she used her car as follows: 19,600 miles for business, 3,920 miles for personal use, 5,880 miles for a move to a new job, 1,960 miles for charitable purposes, and 980 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? 12,838 V Feedback Check My Work A taxpayer has two choices in determining automobile expenses: the standard (automatic) mileage method and the actual cost b. Charitable? 274 c. Medical? 216
Lara uses the standard mileage method for determining auto expenses. During 2023, she used her car as follows: 19,600 miles for business, 3,920 miles for personal use, 5,880 miles for a move to a new job, 1,960 miles for charitable purposes, and 980 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? 12,838 V Feedback Check My Work A taxpayer has two choices in determining automobile expenses: the standard (automatic) mileage method and the actual cost b. Charitable? 274 c. Medical? 216
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
am.102.
Transcribed Image Text:Lara uses the standard mileage method for determining auto expenses. During 2023, she used her car as follows: 19,600 miles for
business, 3,920 miles for personal use, 5,880 miles for a move to a new job, 1,960 miles for charitable purposes, and 980 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?
12,838 V
Feedback
Check My Work
A taxpayer has two choices in determining automobile expenses: the standard (automatic) mileage method and the actual cost
b. Charitable?
274
c. Medical?
216
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