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Homework: Chapter 1:7 Homework Question 4, Pl:7-47 (similar to) Part 1 of 4 HW Score: 20%, 2 of 10 points O Points: 0 of
Homework: Chapter 1:7 Homework Question 4, Pl:7-47 (similar to) Part 1 of 4 HW Score: 20%, 2 of 10 points O Points: 0 of 3 Save Amy is self-employed and uses her personal automobile in connection with her business. During 2019, Amele drove her car a total of 30,000 miles. Her business log shows that she drove 21,000 miles for business purposes. During 2019 incurred the following actual expenses based on 100% use, that is, 30,000 total miles: (The standard mileage rate method permits a deduction based on a mileage rate of 58 cents per mile for the year 2019.) (Click the icon to view the expenses.) Read the requirements Requirement a. Compute Amy's deduction if she uses the actual c The amount deductible using the actual cost method is Requirements a. Compute Amy's deduction if she uses the actual cost method b. Compute Amy's deduction if she uses the standard mileage method Data table c. Assume Amy used the standard mileage method in 2019 In addition to the a expenses, she made several business trips and incurred the following travel while away from home overight Gas and ol Repairs and maintenance Airfare $ 4,500 1,890 Meals 750 Taxi fees and tips 230 $ 8.100 3.200 Depreciation 5.000 Insurance 1,530 200 Licenses and fees $ 18.500 Total $ 7.370 Total None of the above expenses were personal in nature. What are Amy's deduc 2019 after all imitations? d. Would Amy's deduction in 2019 be for AGI or from AGI? Print Done Print Done
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