Martha drove her personal car 3,000 miles for business purposes. She also spent $190 in parking fees and $185 tolls related to her business trips. Compute Martha’s deduction for automobile expenses on her current year tax return, assuming all of the above expenses are valid and she elects to use the standard mileage method to compute her deduction for automobile expenses. Assume Martha is self-employed. are the fees factored in?

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Standard Mileage Rate 2017 5350 cents per mi... View the full answer