Question

Marion drives 20 miles a day from his first job to his second job. He worked 125 days during 2019 on both jobs. What is Marion's mileage deduction rounded to the nearest dollar assuming he uses the standard mileage rate and mileage is incurred ratably throughout the year? g

Answer 1

$1413

Step-by-step explanation:

The standard mileage rate for deduction in 2019 is 56.5 cents and the mileage deduction is computed as follows.

Mileage deduction = Standard rate (in dollars) × Number of miles driven

0.565 × (125*20)

= $1,413 (rounded to nearest dollar)