Determine the business expense deduction


Response to the following problem:

Lee's employer frequently requires her to use her personal car for business. During 2014, Lee drives 10,000 job-related miles. She also pays $200 for business-related parking and tolls. Assuming Lee is not reimbursed for her mileage, under the standard method her employee business expense deduction would be $5,600 (without regard to the 2% AGI floor).

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Taxation: Determine the business expense deduction
Reference No:- TGS02109363

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