A Taxpayer May Use Either the Actual Cost Method or the Standard

question 87

True/False

A taxpayer may use either the actual cost method or the standard mileage rate for deducting auto expenses.

---

Definitions:

Chain Of Command

A command hierarchy where a group of people are committed to carrying out orders from the highest authority.

Labor Relations

An HR role that refers to issues that arise between employees and management.

Authority

The power or right to give orders, make decisions, and enforce obedience, often within a specific context like governmental or organizational roles.

EFT Program

Electronic Funds Transfer Program; a system that allows the electronic movement of money from one bank account to another.