Method for determining auto expenses

Reference no: EM131101761

18. LO.2 Lara uses the standard mileage method for determining auto expenses. Dur- ing 2015, she used her car as follows: 9,000 miles for business, 2,000 miles for personal use, 2,500 miles for a move to a new job, 1,000 miles for charitable purposes, and 500 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:

a. Business?
b. Moving?
c. Charitable?
d. Medical?

Reference no: EM131101761

Questions Cloud

Is there one concept or idea that most important to you : Our stated Course Outcomes are listed below. Do you believe you have achieved the Course Outcomes? Is there one assignment or reading that has contributed most to your learning? Is there one question or area of interest you would like to have seen..

What do you see as the most serious problem of first decade : What do you see as the most serious problem of the first decade of the 1900s? Why was this problem more serious than the other problems? How did Americans attempt to solve the problem?

Determine the profits of the leader and the follower : Determine the equilibrium output level for both the leader and the follower.

The jurisdictional rules governing use : (i) "should the jurisdictional rules governing use tax collection obligationsbe different from the jurisdictional rules regarding liability for income taxation" and (ii) "if so, in which context should the jurisdictional threshold be higher?"

Method for determining auto expenses : 18. LO.2 Lara uses the standard mileage method for determining auto expenses. Dur- ing 2015, she used her car as follows: 9,000 miles for business, 2,000 miles for personal use, 2,500 miles for a move to a new job, 1,000 miles for charitable purpo..

Question regarding the political pyramid : Organizations provide a power base for individuals. from a purely economic standpoint, organizations exist to create an excess of income over expenses but meeting needs in the market place.

Are they better off licensing or being aggressive : Since the VPAc€?cs trust you, they asked you to figure out the most they should pay for a license from SohnCo.

What are the specific steps a family member might take : What are the specific promises God has made that supersede that unhealthy mindset? What are the specific steps a family member might take to better reflect this image of God in his or her household?

Made from solid oak and the above materials : Orchid Ltd. is a small furniture manufacturer. It was established as a family-owned business 30 years ago and prides itself on high-quality products. Most of its products are made to order as a result of direct orders from Internet-based sales.

User Account

All Pages