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How much is teresas transportation deduction

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Question - Teresa is a civil engineer who uses her automobile for business. Teresa drove her automobile a total of 11,965 miles during 2019, of which 80% was business mileage. The actual cost of gasoline, oil, depreciation, repairs, and insurance for the year was $6,440. Teresa is eligible to use the actual or standard method. If required, round your answers to the nearest dollar.

Required - How much is Teresa's transportation deduction based on the standard mileage method? How much is Teresa's transportation deduction based on the actual cost method?

Reference no: EM132529575

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