Kim has a written mileage log showing 3,000 miles for 2020: The log consisted of the following:
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Kim has a written mileage log showing 3,000 miles for 2020: The log consisted of the following: (Standard mileage rate is $.575 per mile). • 2,000 miles from home to work (her office) and to return each day (Commuting miles) • 1,000 miles business miles Kim also had actual car and truck expenses of $2,000. (Used exclusively for business) Kim also had Parking and Tolls of $220 How much can Kim deduct for her car and truck expenses for business for 2020, using actual expenses? Show Calculations
Related Book For
Elementary Statistics Picturing the World
ISBN: 978-0321911216
6th edition
Authors: Ron Larson, Betsy Farber
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