Business
Business, 27.11.2019 06:31, lizdeleon248

Amelie is self-employed and uses her personal automobile in connec-tion with her business. during 2019, amelie drove her car a total of 28,000 miles. her business log shows that she drove 22,400 miles for business purposes. during 2019, amelie incurred the following actual expenses based on 100% use, that is, 28,000 total miles: gas and oil repairs and maintenance depreciation insurance licenses and fees $ 7,800 1,200 5,800 1,440 300 $16,540 a. compute amelie’s deduction if she uses the actual cost method. b. compute amelie’s deduction if she uses the standard mileage method. c. assume amelie used the standard mileage method in 2019. in addition to the auto-mobile expenses, she made several business trips and incurred the following travel ex-penses while away from home overnight: airfare hotel meals $ 4,600 1,860 taxi fees and tips 720 280 $7,460 none of the above expenses were personal in nature. what are amelie’s deductions in 2019 after all limitations? d. would amelie’s deduction in 2019 be for agi or from agi?

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Amelie is self-employed and uses her personal automobile in connec-tion with her business. during 20...

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