The 2017 Standard Mileage Rate for Taxpayer Use of a Personal

question 72

True/False

The 2017 standard mileage rate for taxpayer use of a personal auto for transportation for medical care is $.19 per mile.

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Definitions:

Business Expenses

Costs incurred in the operation of a business, which are typically deductible from the business income for tax purposes.

Personal Expenses

Outlays or expenditures that individuals make for personal, non-business activities, goods, or services.

Constructive Notification

Information or knowledge that is legally deemed to have been obtained by a party, even if not directly received, through recorded documents or public filings.

Termination Notice

A written notification indicating the end of an agreement or contract, typically specifying the date and terms of termination.