Rod Uses His Automobile for Both Business and Personal Use

question 1

Essay

Rod uses his automobile for both business and personal use and claims the automatic mileage rate for all purposes.During 2014,his mileage was as follows:
$\begin{array}{lr}&\text { Miles Driven }\\\text { Personal } & 4,000 \\\text { Business } & 8,000 \\\text { Qualifying moving expense } & 3,500 \\\text { Medical } & 1,800 \\\text { Charitable } & 1,500 \\\text { Qualifving education (MBA program) } & 800\end{array}$ How much can Rod claim for mileage?

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Definitions:

Moral Hazard

A situation where one party is more likely to take risks because they do not bear the full consequences of their actions, often seen in insurance and finance.

Let Themselves Go

A phrase describing individuals who have stopped maintaining their appearance or health.

Spouses

Partners in a marriage or marital-like relationship, legally recognized in many jurisdictions.

Moral Hazard

Moral hazard occurs when one party to an agreement engages in risky behavior or fails to exercise responsible care because this party knows another bears the consequences.