Donna Is an Audit Supervisor with the IRS and on January

question 88

Multiple Choice

Donna is an audit supervisor with the IRS and on January 4,2013 she uses her car in the following manner.
$\begin{array}{llcc} \text { Personal residence to her office at the IRS. } &8 \text { miles}\\ \text { IRS office to X Corp to supervise new audit activities. } &10 \text { miles}\\ \text { X Corp to Y Corp to supervise ongoing audit activities } &6 \text { miles}\\ \text { From Y Corp. to personal residence } &7 \text { miles}\\\end{array}$

What amount of Donna's mileage for this day is qualified business mileage?

• A)10 miles.
• B)16 miles.
• C)17 miles.
• D)23 miles.
• E)31 miles.

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Definitions:

Stock Markets

Platforms where stocks (shares of ownership in companies) and other securities are bought and sold by investors.

Stakeholder

Anyone who potentially has a claim on a firm.

Stock Ownership

Holding shares in a company, which represent a portion of the company's capital and give certain rights to the shareholder.

Voting Rights

The ability of shareholders to vote on corporate matters, such as the election of the board of directors.