Question
Karen, a self-employed individual, drove her automobile a total of 15,000 business miles in 2019. She also has the following expenses: Parking (businessonly)$700 Tolls (businessonly)$400
Karen, a self-employed individual, drove her automobile a total of 15,000 business miles in 2019. She also has the following expenses:
Parking (businessonly)$700
Tolls (businessonly)$400
Total carrepairs$1,000
If Karen uses the standard mileage rate method, how much can she deduct as a business expense for 2019?
A.$9,800.
B.$17,600.
C.$1,100.
D.some other amount.
E.$8,800.
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Financial Accounting
Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad
2nd Canadian edition
133375536, 9780133845396, 133845397, 978-0133375534
