Chelsea, Who Is Self-Employed, Drove Her Automobile a Total of 20,000

question 77

Multiple Choice

Chelsea, who is self-employed, drove her automobile a total of 20,000 business miles in 2014. This represents about 75% of the auto's use. She has receipts as follows: Chelsea has an AGI for the year of $50,000. Chelsea uses the standard mileage rate method. After application of any relevant floors or other limitations, she can deduct

• A)$10,900.
• B)$11,900.
• C)$11,750.
• D)$12,900.

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Definitions:

Relative Bargaining Power

The balance of power between negotiating parties, which can affect the outcome of negotiations, often determined by one party's ability to exert more influence or resources than the other.

Strike Leverage

The power that employees and unions have during negotiations, derived from their ability to organize a work stoppage or strike effectively.

Resistance Points

In negotiations, these are the lowest values that a party will accept before walking away from the table.

Distributive Bargaining

A negotiation process focusing on dividing a fixed set of resources or value among parties, often seen in labor-management negotiations over wages and benefits.