In which situation is it MOST likely to benefit a taxpayer to claim. the standard mileage rate? low mileage with 10% bus...

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In which situation is it MOST likely to benefit a taxpayer to claim. the standard mileage rate? low mileage with 10% bus...

In which situation is it MOST likely to benefit a taxpayer to claim. the standard mileage rate?

low mileage with 10% business use

low mileage with 80% business use

high mileage with 10% business use

high mileage with 80% business use

business accounting

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Answer 1

Answer #1

(Q) In which situation is it most likely to benefit a taxpayer to claim. the standard mileage rate?

(Ans) Option -D = high mileage with 80% business use

80% of business use with high mileage increases expense which could deduct tax expense and it is a benefit to taxpayer to claim

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Answer 2

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