Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.Kara, a sole proprietor, drove her car 3,199 miles for business. In addition, she incurred the following expenses related to the business use of her

1.Kara, a sole proprietor, drove her car 3,199 miles for business. In addition, she incurred the following expenses related to the business use of her car: $343 gas. $30 tolls. If Kara uses the standard mileage rate to calculate her expenses, how much may she deduct on her 2021 Schedule C?

a.$1,791

b.$1,821

c.$1,869

d.$2,164

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Telecom Audit

Authors: M S. Mastel

1st Edition

0071410546, 9780071410540

More Books

Students also viewed these Accounting questions

Question

In Exercises, find the derivative of the function. y = x ln x

Answered: 1 week ago