Question

Teresa is a civil engineer who uses her automobile for business. Teresa drove her automobile a total of 21,732 miles during 2014, of which 95 percent was business mileage. The actual cost of gasoline, oil, depreciation, repairs, and insurance for the year was $8,300.
a. How much is Teresa’s transportation deduction based on the standard mileage method?
$ __________________
b. How much is Teresa’s transportation deduction based on the actual cost method?
$ __________________
c. Which method should Teresa use to calculate her transportation deduction? ____________________________________________________________________________
Why? ____________________________________________________________________________________________________________________________________________________________


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  • CreatedJuly 16, 2015
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