3. Michael is the city sales manager for Eat N Go a national fast food franchise. Every working day, Michael drives his car as follows:

	Miles
Home to office	25
Office to Eat N Go No. 1	15
Eat N Go No. 1 to No. 2	22
Eat N Go No. 2 to No. 3	13
Eat N Go No. 3 to home	30

Michaels deductible mileage is:

a.	0 miles.
b.	30 miles.
c.	50 miles.
d.	80 miles.
e.	None of the above.

4. On September 3, 2019, Ann and Bob, a married couple, purchased 1244 stock in Red Corporation for $195,000. On December 31, 2019, the stock was worth $170,000. On February 15, 2020, Ann was notified that the stock was worthless. How should Ann report this item on her 2020 tax return?

a.	$100,000 capital loss (before capital loss limitation).
b.	$100,000 capital loss (before capital loss limitation) and $70,000 ordinary loss.
c.	$100,000 ordinary loss and $70,000 capital loss (before capital loss limitation).
d.	$100,000 ordinary loss and $95,000 capital loss (before capital loss limitation).
e.	None of the above.