Question
1) Karen, a self-employed individual, drove her automobile a total of 15,000 business miles in 2019. She also has the following expenses: Parking (business only)
1) Karen, a self-employed individual, drove her automobile a total of 15,000 business miles in 2019. She also has the following expenses:
Parking (business only) $700
Tolls (business only) $400
Total car repairs $1,000
If Karen uses the standard mileage rate method, how much can she deduct as a business expense for 2019?
A. | $9,800. | |
B. | $17,600. | |
C. | $1,100. | |
D. | some other amount. | |
E. | $8,800. |
2) Hamad, a self-employed, works in Dallas, Texas but had to travel to San Antonio in June for a day on a business assignment. Hamad drove 500 miles. He paid parking $50. How much are Hamads deductible expenses in 2019?
A. | $50.. | |
B. | $340. | |
C. | $290. | |
D. | $300. | |
E. | some other amount |
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