Solved

Haley, a Self-Employed Individual, Drove Her Automobile a Total of 20,000

Question 96

Multiple Choice

Haley, a self-employed individual, drove her automobile a total of 20,000 business miles in 2018. This represents about 75% of the auto's use. She has receipts as follows: Haley, a self-employed individual, drove her automobile a total of 20,000 business miles in 2018. This represents about 75% of the auto's use. She has receipts as follows:   If Haley uses the standard mileage rate method, how much can she deduct as a business expense? A)  $12,500 B)  $11,600 C)  $11,200 D)  $11,000 If Haley uses the standard mileage rate method, how much can she deduct as a business expense?


A) $12,500
B) $11,600
C) $11,200
D) $11,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions