Mickey is a 12-year-old dialysis patient. Three times a week for the entire year, he and his mother, Sue, drive 18 miles one way toMickey's dialysis clinic. On the way home, they go 9 miles out of their way to stop at Mickey's favorite restaurant. Their total round tripis 45 miles per day.Required:How many of those miles, if any, can Sue use to calculate an itemized deduction for transportation? Use the medical mileage rates ineffect for 2022, 18 and 22 cents a mile per each half of the year, to determine the deduction, based upon their driving being accruedevenly throughout the year. Compute Itemized deduction.Note: Round your "Itemized deduction" answer to 2 decimal places.Number of miles to be usedItemized deductionJanuary through JuneJuly through December

Itemized deduction will only be available for the miles driven for medical purposes only, Other…

Answered: Mickey Is a 12-year-old dialysis…

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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Mickey is a 12-year-old dialysis patient. Three times a week for the entire year, he and his mother, Sue, drive 20 miles one way to Mickey's dialysis clinic. On the way home, they go 10 miles out of their way to stop at Mickey's favorite restaurant. Their total round trip is 50 miles per day. Required: How many of those miles, if any, can Sue use to calculate an itemized deduction for transportation? Use the medical mileage rates in effect for 2022, 18 and 22 cents a mile per each half of the year, to determine the deduction, based upon their driving being accrued evenly throughout the year. Compute Itemized deduction. Note: Round your "Itemized deduction" answer to 2 decimal places. Number of miles to be used Itemized deduction X Answer is complete but not entirely correct. $ January through June July through December 6,240 x 1,123.20 S 6240 X 1,372.80 x
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