Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can u pls answer this questions now pls.. Lara uses the standard mileage method for determining auto expenses. During 2021, she used her car as

can u pls answer this questions now pls..
image text in transcribed
Lara uses the standard mileage method for determining auto expenses. During 2021, she used her car as follows: 21,200 miles for business, 4,240 miles for personal use, 6,360 miles for a move to a new job, 2,120 miles for charitable purposes, and 1,060 miles for medical visits. Presuming that all the mileage expenses are allowable (e, not subject to percentage limitations), what is Lara's deduction for: If required, round your answers to the nearest dollar. a. Business? 1,219 X Feedback b. Charitable 296.8 x Feedback Medical 180.2 X

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

Introduction To Government And Not For Profit Accounting

Authors: Martin Ives, Laurence Johnson, Joseph R. Razek, Gordon A. Hosch

6th Edition

0132366355, 978-0132366359

More Books

Students also viewed these Accounting questions

Question

Explain the implications of M&Ms homemade dividend argument.

Answered: 1 week ago

Question

Does your strategic intent lay out the priorities?

Answered: 1 week ago