Ariana is a self-employed Instacart driver who works out of their home. Ariana does not have...
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Ariana is a self-employed Instacart driver who works out of their home. Ariana does not have a designated work vehicle. During 2021, Ariana drove their vehicle 15,430 miles for business, and 5,467 miles for personal use. Other costs associated with the vehicle for the year were: Operating expenses (depreciation, oil, gas, license, insurance, repairs...) -$15,000 Documented business-related tolls and parking fees $139 Interest expense on the loan for the vehicle www. $284 How much will Ariana deduct as a business expense for using this vehicle under each method? a) Standard rate= $20,089; Actual cost = $11,449 b) Standard rate = $11,449; Actual cost $8,989 c) Standard rate = $8,989; Actual cost = $11,449 d) Standard rate = $8,640; Actual cost = $11,100 Ariana is a self-employed Instacart driver who works out of their home. Ariana does not have a designated work vehicle. During 2021, Ariana drove their vehicle 15,430 miles for business, and 5,467 miles for personal use. Other costs associated with the vehicle for the year were: Operating expenses (depreciation, oil, gas, license, insurance, repairs...) -$15,000 Documented business-related tolls and parking fees $139 Interest expense on the loan for the vehicle www. $284 How much will Ariana deduct as a business expense for using this vehicle under each method? a) Standard rate= $20,089; Actual cost = $11,449 b) Standard rate = $11,449; Actual cost $8,989 c) Standard rate = $8,989; Actual cost = $11,449 d) Standard rate = $8,640; Actual cost = $11,100
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Particulars Amount Drove for Business 1543000 Drove for p... View the full answer
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
Posted Date:
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