Standard mileage rate method


Brittany, who is an employee, drove her automobile a total of 20,000 business miles in 2012. This represents about 75% of the auto's use. She has receipts as follows:

Parking (business only) $500
Tolls (business only) 200
Repairs $1,000

Brittany's AGI for the year of $50,000, and her employer does not provide any reimbursement. She uses the standard mileage rate method. After application of any relevant floors or other limitations, Brittany can deduct

A) $11,100.

B) $11,800.

C) $11,550.

D) $10,800.

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Accounting Basics: Standard mileage rate method
Reference No:- TGS045805

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