Question: Interview Notes the operation him to file for Ramon works as a self-employed ride share driver. Ramon is a cash-basis taxpayer who materially participates in

 Interview Notes the operation him to file for Ramon works as
a self-employed ride share driver. Ramon is a cash-basis taxpayer who materially
participates in the his business. He did not make any payments that

Interview Notes the operation him to file for Ramon works as a self-employed ride share driver. Ramon is a cash-basis taxpayer who materially participates in the his business. He did not make any payments that would require him 1099 are company. He - Ramon uses business code 485990. - Ramon had no prior year unallowed losses. He received Form 1099-MISC and Form 1099-K from the ride share co had an additional $2.745 in cash tip income from individual customers No s NOT include ned the amount red ordinary and SOCIALS SIC on the Forms 1099. Ramon provided a statement from the ride share company that indicated th of mileage driven and fees paid for the year. These fees are considered ordi necessary for the ride share business. - 30,200 miles driven while transporting CUAL SECURIT customers. - Ride share fee: $4,800 227-00-XXXX . - Safe driver fee: $140 Ramon Torrez - Airport fee: $515 Ramon Tentes - GPS device fee: $320 Ramon's recordkeeping application shows he drove 5,830 miles between rides; 2,700 miles driven between his home and his first and last customer of the day. He had the following miscellaneous expenses: - Snacks for customers: $280 - Auto deodorizers: $15 - Phone chargers for customer use only: $120 - Meals eaten while waiting for customers: $1.200 The total mileage on his car for 2019 was 44,730 miles, of that 6,000 was personal miles. He placed his car, a 2016 sedan, in service on January 6, 2017. He always takes the standard mileage rate. This is Ramon's only car and it was available for personal use. Ramon found his Form 1098-E online stating he paid $3,600 in student loan interest in 2019. Ramon did not have any health insurance for the year. Ramon received a CP01-A Notice assigning him an identity agning him an identity protection personal identification number (IP PIN). His IP PIN is 357900 29. What is Ramon's mileage expense deduction (at the standard mileage rate) for his business as a ride share driver? (Round to the nearest dollar.) a. $25,943 b. $22,463 C. $20,897 NON d. $17,516 Ramon has been assigned an IP PIN by the IRS, The PIN is confidential and should never be entered on the tax return. a. True b. False 35. Ramon is too young to qualify for the earned income credit without having a qualifying child. a. True b. False

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