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please provide the answers for both questions. thank you Lara uses the standard mileage method for determining auto expenses. During 2022, she used her car
please provide the answers for both questions. thank you
Lara uses the standard mileage method for determining auto expenses. During 2022, she used her car as follows: 13,600 miles for business, 2,720 miles for personal use, 4,080 miles for a move to a new job, 1,360 miles for charitable purposes, and 680 miles for medical visits, Presuming that all the mileage expenses are allowable (i.e., not subject to percentage limitations), what is Lara's deduction for: If required, round your answers to the nearest dollar. a. Business? b. Charitable? c. Medicat? Exercise 9-14 (Algorithmic) (LO. 3) In November 2022, Kortney (who is a self-employed management consultant) travels from Chicago to Barcelona (Spain) on business. She is gone 10 days (including 2 days of travel) during which time she spends 5 days conducting business and 3 days sightseeing. Her expenses are $2,480 (aiffare), $265 per day (meals at local restaurants), and $420 per night (lodging). Because Kortney stayed with relatives while sightseeing, she only paid for 5 nights of lodging. Compute Kortney's deductions for the following: If required, round your answers to the nearest dollar. a. Deduction for alifare: b. Deduction for meals: c. Deduction for lodging Step by Step Solution
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