Chelsea,who Is Self-Employed,drove Her Automobile a Total of 20,000 Business

question 110

Multiple Choice

Chelsea,who is self-employed,drove her automobile a total of 20,000 business miles in 2017.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)$11,400.
• B)$12,400.
• C)$10,700.
• D)$11,700.

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Definitions:

Movement Of Capital

Refers to the flow of money for the purpose of investment, trade, or business production internationally.

Crew Activity

involves the tasks or work performed by a group of workers acting together, often referenced in contexts like film production, construction, or aviation.

Job Expansion

Increasing the scope or range of tasks and responsibilities associated with a specific job to enhance employee satisfaction and productivity.

Capital Cost

The one-time expenses incurred in the acquisition or construction of a significant fixed asset like buildings or equipment.