Question: Expenses are shown in the data table Allison is self-employed and uses her personal automobile in connection with her business. During 2019, Amelie drove her

 Expenses are shown in the data table Allison is self-employed and

uses her personal automobile in connection with her business. During 2019, Amelie

Expenses are shown in the data table

Allison is self-employed and uses her personal automobile in connection with her business. During 2019, Amelie drove her car a total of 22,000 miles. Her business log shows that she drove 19,800 miles for business purposes. During 2019, Amelie incurred the following actual expenses based on 100% use that is, 22,000 total miles: (The standard mileage rate method permits a deduction based on a mileage rate of 58 cents per mile for the year 2019.) (Click the icon to view the expenses.) Read the requirements. Requirement a. Compute Allison's deduction if she uses the actual cost method. The amount deductible using the actual cost method is $ 17,622 Requirement b. Compute Allison's deduction if she uses the standard mileage method The amount deductible using the standard mileage method is Data Table - 8,300 3200 Gas and oil Repairs and maintenance Depreciation Insurance 6,300 1,500 280 Licenses and fees $ 19.580 Total Print Done Allison is self-employed and uses her personal automobile in connection with her business. During 2019, Amelie drove her car a total of 22,000 miles. Her business log shows that she drove 19,800 miles for business purposes. During 2019, Amelie incurred the following actual expenses based on 100% use that is, 22,000 total miles: (The standard mileage rate method permits a deduction based on a mileage rate of 58 cents per mile for the year 2019.) (Click the icon to view the expenses.) Read the requirements Requirement a. Compute Allison's deduction if she uses the actual cost method. The amount deductible using the actual cost method is $ 17,622 Requirement b. Compute Allison's deduction if she uses the standard mileage method The amount deductible using the standard mileage method is Requirements a. Compute Allison's deduction if she uses the actual cost method. b. Compute Allison's deduction if she uses the standard mileage method. C. Assume Allison used the standard mileage method in 2019. In addition to the automobile expenses, she made several business trips and incurred the following travel expenses while away from home overnight: Airfare $ 4.800 Hotel 1,870 730 Meals 240 Taxi fees and tips Total 7,640 None of the above expenses were personal in nature. What are Allison's deductions in 2019 after all limitations? d. Would Allison's deduction in 2019 be for AGI or from AGI? Print Done

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