t. O nly cash tip income from individual customers must report all income from his ride share company as Other Income d. His income income from his customers. e reported on Form 1099-MISC, Form 1099-K, and the cash tip 26. What is Austin's mileage expense deduction (at the standard mileage rate) for his business as a ride share driver? (Round to the nearest dollar.) a. $12,263 b. $14,753 c. $15,979 d. $20,274 27. Which item(s) can be deducted by Austin as a business expense? (Select all that apply.) a. Bottled water for customers b. Safe driver fees c. Lunch d. GPS device fee 28. How does Austin's self-employment tax affect his tax return? a. Austin's self-employment tax is not reported anywhere on Form 1 b. A portion of the self-employment tax is deducted as a business expense orn 040. Schedule C-EZ, Net Profit From Business, or Schedule C, Profit or Loss From Business The self-employment tax is added to his other taxes and the full amount is deducted as an adjustment to income. c. The self-employment tax is added to his other taxes and one half the amount is shown as an adjustment to income. d. 9. Austin's qualified business income (QBI) deduction reduces his self-employment tax. a. True b. False 85 Advanced Scenarios t. O nly cash tip income from individual customers must report all income from his ride share company as Other Income d. His income income from his customers. e reported on Form 1099-MISC, Form 1099-K, and the cash tip 26. What is Austin's mileage expense deduction (at the standard mileage rate) for his business as a ride share driver? (Round to the nearest dollar.) a. $12,263 b. $14,753 c. $15,979 d. $20,274 27. Which item(s) can be deducted by Austin as a business expense? (Select all that apply.) a. Bottled water for customers b. Safe driver fees c. Lunch d. GPS device fee 28. How does Austin's self-employment tax affect his tax return? a. Austin's self-employment tax is not reported anywhere on Form 1 b. A portion of the self-employment tax is deducted as a business expense orn 040. Schedule C-EZ, Net Profit From Business, or Schedule C, Profit or Loss From Business The self-employment tax is added to his other taxes and the full amount is deducted as an adjustment to income. c. The self-employment tax is added to his other taxes and one half the amount is shown as an adjustment to income. d. 9. Austin's qualified business income (QBI) deduction reduces his self-employment tax. a. True b. False 85 Advanced Scenarios