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Chelsea, Who Is Self-Employed, Drove Her Automobile a Total of 20,000

Question 77

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Chelsea, who is self-employed, drove her automobile a total of 20,000 business miles in 2014. This represents about 75% of the auto's use. She has receipts as follows: Chelsea, who is self-employed, drove her automobile a total of 20,000 business miles in 2014. This represents about 75% of the auto's use. She has receipts as follows:   Chelsea has an AGI for the year of $50,000. Chelsea uses the standard mileage rate method. After application of any relevant floors or other limitations, she can deduct A) $10,900. B) $11,900. C) $11,750. D) $12,900. Chelsea has an AGI for the year of $50,000. Chelsea uses the standard mileage rate method. After application of any relevant floors or other limitations, she can deduct


A) $10,900.
B) $11,900.
C) $11,750.
D) $12,900.

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