Which of the following taxpayers may use the standard mileage method of calculating transportation costs? a. A

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Which of the following taxpayers may use the standard mileage method of calculating transportation costs?

a. A taxi driver who owns a fleet of six cars for hire
b. A taxpayer who used accelerated depreciation on his automobile
c. A business executive who claimed bonus depreciation in the first year she used the car
d. An attorney who uses his Porsche for calling on clients
e. None of the above

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Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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