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Rodrigo works as a self-employed salesperson. His job requires that he spend most of his time outside the office calling on customers. In addition, to

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Rodrigo works as a self-employed salesperson. His job requires that he spend most of his time outside the office calling on customers. In addition, to supplement his income, he works 1 night a week and on weekends as a waiter at an exclusive seafood restaurant in the city. During the year, he keeps the following record of his travel: Miles Home to office 850 Office to home 425 office to restaurant 300 Restaurant to home 1,200 Home to restaurant 725 Office to customers' office 7,100 Customers' office to restaurant 400 Total miles 11,000 If he uses the standard mileage rate, what amount can she deduct as a business automobile expense? Oa. 54.255.00 Ob. 54,312.50 Oc. 54,082 50 Od. 65.175.00 Oe. 54,485.00 Chi, age 28, is single and an employee of Federal Company, Chl's adjusted gross income for the current year is $70,000. Chi would like to make the maximum contribution to his individual retirement account this year. Which of the following statement(s) about Chi's contribution and deduction amounts is/are true? 1. II He is not allowed to make an IRA contribution because his adjusted gross income is greater than $65,000 If Federal Company does not have a qualified pension plan, then Chi can contribute a maximum of $6,000 to his TRA account and deduct it. Oa. Only statement is correct Ob. Only statement. It is correct Oclloh tements are correct Od. None of these statements are correct

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