Lara uses the standard mileage method for determining auto expenses. During 2019, she used her car as follows: 9,000 miles for business, 2,000 miles for personal use, 2,500 miles for a move to a new job, 1,000 miles for charitable purposes, and 500 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: a. Business? $ b. Charitable? $ c. Medical?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Lara uses the standard mileage method for determining auto expenses. During 2019, she used her car as follows: 9,000 miles for business, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Mike Nettles approached Nathan Lang about becoming a partner in a firm that destroys environmental waste. While Mike would like to become a partner in the firm, he is concerned about his liability because he has recently inherited a lot of money.
Answers (1)
A key disadvantage of the worldwide area structure is that it limits local responsiveness. a. True b. False
Answers (1)
If a compound sentence is joined using a conjunction, what punctuation mark is used with the conjunction to join the clauses? A period B semicolon C comma D dash
Answers (1)
For the period just ended, Trek Corporation's Trailer Division reported profit of $171 million and invested capital of $610 million.
Answers (1)
During the year, RIT Corp. had sales of $565,600. Costs of goods sold, and depreciation expenses were $476,000, and $42,800, respectively. In addition, the company had an interest expense of $112,000 and a tax rate of 22 percent.
Answers (1)
New Questions in Business
In the language of macroeconomics, investment refers to Select one: a. saving. b. the purchase of new capital. c. the purchase of stocks, bonds, or mutual funds. d. All of the above are correct.
Answers (1)
A problem that initially hindered the marketability of mortgages in a secondary market was that they were not standardized.
Answers (1)
Suppose that a manufacturer has one major buyer who orders its EOQ of 20,000 units about once per month. Annual demand is 240,000 units. The manufacturer has a setup cost of $180 per order and a holding cost per unit of $10.
Answers (1)
The result of an inventory stockout usually results in a. a decrease in prices. b. an increase in lost sales. c. an increase in net profit. d. an increase in inventory costs. e. an increase in loyal customers.
Answers (1)
What is double entry bookkeeping?
Answers (2)