Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

#5) Please Help!! Ady is self-employed and use personal automobile in connection with her business During 2020. Ami drove her car a total of 20,000

#5) Please Help!! image text in transcribed
image text in transcribed
Ady is self-employed and use personal automobile in connection with her business During 2020. Ami drove her car a total of 20,000 miles. Her business log shows that the dove 14.000 miles for butiness purposes. During 2020. Amalie incurred the folowing actual expenses based on 100% no, that is, 20.000 totales (the standard morale method permita de tinted on a mesa 575 cents per min for the year 2020) mick the coon to view the expenses Read the requirements Requirement a. Compute Audrey's deduction it shoes the actual cost motiod The amount deductible wing the actual cost method is Requirement Computo Audrey deduction at the uses the standard mag method The amount double on the standard meage method is Requirements. Asu Audrily used the standard meg method in 2020. In addition to the automobillent, she made sover be and cured he forming travel mar 2.000 hotel maal 700 und taxes and tips $240. None of the above expenses were personali. What are Audrey deduction in 2020 elations Enter the amount det ble for each expense and calculate the total amount deductible in 2020. (Complete all roots in amount is not deductible Automobiles Enter any number in the edities and then continue to menos question Audrey is self-employed and uses her personal automobile in connection with her business. During 2020. Amelie drove her car a total of 20,000 miles. Her business log business purposes. During 2020. Amelie incurred the following actual expenses based on 100% use, that is, 20,000 total miles: (The standard mileage rate method pom 57.5 cents per mile for the year 2020.) Click the icon to view the expenses.) Read the requirements Enter the amount deductible for each expense and calculate the total amount deductible in 2020. (Complete all input fields. If an amount is not deductible, enter a "0") Automobile expenses Airfare Hotel Meals and entertainment I Taxi fees and tips Amount deductible in 2020 Requirement d. Would Audrey's deduction in 2020 be for AGI or from AGI? The deduction would be Ady is self-employed and use personal automobile in connection with her business During 2020. Ami drove her car a total of 20,000 miles. Her business log shows that the dove 14.000 miles for butiness purposes. During 2020. Amalie incurred the folowing actual expenses based on 100% no, that is, 20.000 totales (the standard morale method permita de tinted on a mesa 575 cents per min for the year 2020) mick the coon to view the expenses Read the requirements Requirement a. Compute Audrey's deduction it shoes the actual cost motiod The amount deductible wing the actual cost method is Requirement Computo Audrey deduction at the uses the standard mag method The amount double on the standard meage method is Requirements. Asu Audrily used the standard meg method in 2020. In addition to the automobillent, she made sover be and cured he forming travel mar 2.000 hotel maal 700 und taxes and tips $240. None of the above expenses were personali. What are Audrey deduction in 2020 elations Enter the amount det ble for each expense and calculate the total amount deductible in 2020. (Complete all roots in amount is not deductible Automobiles Enter any number in the edities and then continue to menos question Audrey is self-employed and uses her personal automobile in connection with her business. During 2020. Amelie drove her car a total of 20,000 miles. Her business log business purposes. During 2020. Amelie incurred the following actual expenses based on 100% use, that is, 20,000 total miles: (The standard mileage rate method pom 57.5 cents per mile for the year 2020.) Click the icon to view the expenses.) Read the requirements Enter the amount deductible for each expense and calculate the total amount deductible in 2020. (Complete all input fields. If an amount is not deductible, enter a "0") Automobile expenses Airfare Hotel Meals and entertainment I Taxi fees and tips Amount deductible in 2020 Requirement d. Would Audrey's deduction in 2020 be for AGI or from AGI? The deduction would be

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

Financial Accounting Group

Authors: Ilse Lubbe, Shelley Herbert, Goolam Modack

1st Edition

0195998634, 9780195998634

More Books

Students also viewed these Accounting questions

Question

What do you think is likely to be Liams problem? Discuss.

Answered: 1 week ago

Question

What laws were passed because of domestic violence?

Answered: 1 week ago