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Lara uses the standard mileage method for determining auto expenses. During 2023, she used her car as follows: 13,800 miles for business, 2,760 miles for personal use, 4,140 miles for a move to a new job, 1,380 miles for charitable purposes, and 690 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? b. Charitable? c. Medical?

Lara uses the standard mileage method for determining auto expenses. During 2023, she used her car as follows: 13,800 miles for business, 2,760 miles for personal use, 4,140 miles for a move to a new job, 1,380 miles for charitable purposes, and 690 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? b. Charitable? c. Medical?

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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Lara uses the standard mileage method for determining auto expenses. During 2023, she used her car as follows: 13,800 miles for business, 2,760 miles for personal use, 4,140 miles for a move to a new job, 1,380 miles for charitable purposes, and 690 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? b. Charitable? c. Medical?
Transcribed Image Text:Lara uses the standard mileage method for determining auto expenses. During 2023, she used her car as follows: 13,800 miles for business, 2,760 miles for personal use, 4,140 miles for a move to a new job, 1,380 miles for charitable purposes, and 690 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? b. Charitable? c. Medical?
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