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18 August, 02:09

Lara uses the standard mileage method for determining auto expenses. During 2017, she used her car as follows: 15,600 miles for business, 3,120 miles for personal use, 4,680 miles for a move to a new job, 1,560 miles for charitable purposes, and 780 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. Moving? $

c. Charitable? $

d. Medical? $

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Answers (1)
  1. 18 August, 02:24
    0
    Lara deduction for business is $8,346

    Lara deduction for moving is $796

    Lara charitable contribution deduction is $218

    Lara medical deduction is $133

    Explanation:

    given data

    business = 15,600 miles

    personal use = 3,120 miles

    new job = 4,680 miles

    charitable purposes = 1,560 miles

    medical visits = 780 miles

    solution

    Lara deduction for business = 15,600 miles * 53.5 %

    Lara deduction for business is $8,346

    and

    Lara deduction for moving = 4,860 miles * 17 %

    Lara deduction for moving is $796

    and

    Lara charitable contribution deduction = 1,560 miles * 14 %

    Lara charitable contribution deduction is $218

    and

    Lara medical deduction = 780 miles * 17 %

    Lara medical deduction is $133
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