which of the following is a reason the standard mileage rate would be allowed in 2018...

which of the following is a reason the standard mileage rate would be allowed in 2018 for business owner?

Expert Solution

ekkarill92 answered 2 days ago

Which of the following taxpayers may claim the standard mileage rate? Kamila, a sole proprietor, drove...

Which of the following taxpayers may claim the standard mileage rate? Kamila, a sole proprietor, drove her new automobile 3,199 miles for business in 2020. She kept a contemporaneous record of her mileage. Merlin, a sole proprietor, drove his 2018 automobile 15,832 miles for his business in 2020. He has been using actual expenses since he put the vehicle into service. Joyce is a volunteer at the American Red Cross in her community. She estimates she drove at least 2,000...

Determine the amount of the standard deduction allowed for 2018 in the following independent situations. In...

Determine the amount of the standard deduction allowed for 2018 in the following independent situations. In each case, assume the taxpayer is dependent of another taxpayer. a. Mason, aged 18, has income as follows: $1,900 from a paper route and $10,800 from repairing computers. $ b. Emma, aged 17, has income as follows: $950 in cash dividends from a stock investment, $5,100 from providing dance lessons, and $1,700 from babysitting. $ c. Samuel, aged 13, has income as follows: $100...

30.) Determine the amount of the standard deduction allowed for 2018 in the following independent situations....

30.) Determine the amount of the standard deduction allowed for 2018 in the following independent situations. In each case, assume that the taxpayer is claimed as another persons dependent. a.) Curtis age 18 has income as follows:$700 interest from a certificate of deposit and $12,200 from repairing cars. b.) Mattie, age 18 has income as follows:$600 cash dividends from a stock investment and $4,700 from handling a paper route. c.) Jason age 16, has income as follows:$675 interest on a...

Since purchasing the car three years ago, a taxpayer has used the standard mileage rate to...

Since purchasing the car three years ago, a taxpayer has used the standard mileage rate to compute his vehicle expense deduction. Which of the following statements is true regarding the taxpayer's current year vehicle expense deduction? The taxpayer cannot use the actual cost method to compute his vehicle expense deduction. The taxpayer can use either the standard mileage rate or actual cost method to compute his vehicle expense deduction. The taxpayer must use the actual cost method to compute his...

Which of the following is not a reason for which leavemay be requested under the...

Which of the following is not a reason for which leave may be requested under the Family and Medical Leave Act?A.The care of a seriously ill parent.B.The birth of a child.C.The adoption of a child.D.The need for fertility treatments in order to conceive.E.The placement of a foster child in the employee's care.

17 Which of the following is NOT a reason it is hard for the board of...

17 Which of the following is NOT a reason it is hard for the board of directors to effectively monitor all the activity of the CEO and top management? The board of directors may be not be experts in the business of the corporation. Members of the board of directors can be large shareholders. The board of directors are part time. Board of directors depends upon management for most of their information about the company and its competitive situation. 22...

Which of the following sets of quantum numbers are not allowed? For the sets that are...

Which of the following sets of quantum numbers are not allowed? For the sets that are incorrect state what is wrong. For the sets that are correct, give the orbital designation (eg 1s, 2px). n l ml ms a) 2 1 +1 +1/2 b) 2 2 -1 -1/2 c)75-4 0 d) 4 2 -2 +1/2

Which of the following is not allowed as an itemized deduction? Gambling losses to the...

Which of the following is not allowed as an itemized deduction? Gambling losses to the extent of gambling winnings A subscription to the Wall Street Journal to help with personal investment decisions. All are allowed as itemized deductions. Interest expense on a $800,000 loan incurred in 2016 to buy a principal residence Cash donation to a church Fred and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2019. They...

Which of the following statements is NOT correct? A. It is allowed to declare a variable...

Which of the following statements is NOT correct? A. It is allowed to declare a variable and initialize it in one statement. B. Once a variable is declared and initialized, you can change its value later on. C. The variable declaration tells the compiler to allocate appropriate memory space for the variable based on its data type. D. It is allowed to declare two variables with the same name but with different data type.

Which of the following spectroscopic notations are allowed (that is, which violate none of the rules...

Which of the following spectroscopic notations are allowed (that is, which violate none of the rules regarding values of quantum numbers)? Select all that apply. a. 5i^8 b. 5f^10 c. 4f^15 d. 2s^1 e. 6g^1

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