Maura drives her car a total of 50,000 miles (40,000 business miles) during 2019. Maura is self-employed and uses her personal automobile for business trips. During 2019, Maura drives her car 80% for business use and incurs the following total expenses (based on 100% use of car): (Click the icon to view the expenses.) Read the fequirements Requirement a. What amount is deductible if Maura uses the standard mileage method? The amount deductible using the standard mileage method is Requirement b. What amount is deductible if Maura uses the actual cost method? The amount deductible using the actual cost method is Requirement c. Can taxpayers switch back and forth between the mileage and actual methods each year? A. Taxpayers are permitted to change from one method to another with no restrictions. B. Although taxpayers are permitted to change from one method to another, there are specific requirements that must be met. A change from the mileage method to the actual method must reduce the basis of the automobile by a mileage rate and the straight line method must be used in subsequent years. A change from the actual method to the mileage method is only permitted if the taxpayer used the straight-line method of depreciation. C. Taxpayers are not permitted to change from one method to another. When one method is elected, that method must be used until the taxpayer disposes of the vehicle. D. Although taxpayers are permitted to change from one method to another, there are specific requirements that must be met. A change from the actual method to the mileage method must reduce the basis of the automobile by the actual expenses incurred and the modified accelerated cost-recovery system (MACRS) method must be used in subsequent years. A change from the mileage method to the actual method is only permitted if the taxpayer used the modified accelerated cost-recovery system (MACRS) method of depreciation. . 1 1 Data Table Gas and oil $ 7,000 2,700 Repairs Depreciation Insurance and license fees 4,500 1,600 150 Parking and tolls (business related) $ $ 15,950 Total Print Done i X Requirements a. What amount is deductible if Maura uses the standard mileage method? b. What amount is deductible if Maura uses the actual cost method? c. Can taxpayers switch back and forth between the mileage and actual methods each year? (The standard mileage rate method permits a deduction based on a mileage rate of 58 cents per mile for the year 2019.) Print Done