A Taxpayer Who Uses the Automatic Mileage Method to Compute

question 2

True/False

A taxpayer who uses the automatic mileage method to compute auto expenses can also deduct the business portion of tolls and parking.

---

Definitions:

Insured

The individual or entity covered under an insurance policy, protected against specified risks and potentially eligible for claims settlement.

Medicare

A federally funded health insurance program for people 65 years and over who are eligible for Social Security.

Federally Funded

Financially supported or subsidized by a national government.

Low Income

The condition of earning at or below a specified threshold of income, often used to determine eligibility for certain social services or tax benefits.