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Paul is employed and drives to and from his office 5 days a week. He also has a side catering business evenings and weekends based
Paul is employed and drives to and from his office days a week. He also has a side catering business evenings and weekends based out of his home which he reports on Schedule C
Annual mileage information is summarized below:
Commuting from home to office
miles
Total miles for catering from home to various jobs
miles
Total other personal miles driven during the year
miles
In addition, Paul pays parking fees of $ related to the catering business, plus $ parking fees related to his employment for which he is not reimbursed by his employer.
Calculate Paul's deduction for use of his auto during using the automatic mileage method:
a Paul has business miles for the year.
b Paul will use a mileage rate of per business mile.
c Paul's total deduction for use of his vehicle is
PLEASE DO NOT ENTER ANY COMMAS OR YOUR OTHERWISE CORRECT ANSWER WILL BE MARKED WRONG! ENTER THE NUMBER FOR ZERO, NOT THE WORD ZERO OR NONE AND NOT THE LETTER O
BE SURE TO ENTER YOUR MILEAGE RATE AS A DECIMAL, RATE PER MILE. If the mileage rate is cents per mile, enter.
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