Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto expenses....
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Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto expenses. During 2020, she used her car as follows: 20,600 miles for business, 4,120 miles for personal use, 6,180 miles for a move to a new job, 2,060 miles for charitable purposes, and 1,030 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? 9,775 x Feedback b. Charitable? 288 Feedback c. Medical? 175 Exercise 9-13 (LO. 2) Lara uses the standard mileage method for determining auto expenses. During 2020, 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
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