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5. Chelsea, who is self-employed, drove her automobile a total of 20,000 business miles in 2017. This represents about 75% of the auto's use. She
5. Chelsea, who is self-employed, drove her automobile a total of 20,000 business miles in 2017. This represents about 75% of the auto's use. She has receipts as follows:
Parking (business only) | $500 |
Tolls (business only) | 200 |
Repairs | $1,000 |
Chelsea has an AGI for the year of $50,000. Chelsea uses the standard mileage rate method. After application of any relevant floors or other limitations, she can deduct
A) $11,400.
B) $12,400.
C) $10,700.
D) $11,700.
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