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Rod uses his automobile for both business and personal use and claims the automatic mileage rate for all purposes.During 2016,his mileage was as follows:
Miles Driven
Personal
4,000
Business
8,000
Qualifying moving expense
3,500
Medical
1,800
Charitable
1,500
Qualifying education (MBA program)
800
How much can Rod claim for mileage?
Successful Restaurant
A dining establishment that flourishes through effective management, quality food, excellent service, and a satisfied customer base.
Previous Owners
The individuals who owned an item or property before the current holder.
Likelihood of Outcome
The probability or chance that a specific outcome will occur out of a set of possible outcomes.
Personal Estimate
An individual's judgment or assessment of something, often based on personal experiences or perceptions.
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