Question 55 of 75 The 2017 standard mileage rate for a taxpayer's business use of vehicle...

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Answer 1

Answer #1

Answer 45:

Correct answer is:

53.5 cents (0.535) a mile

Explanation:

The 2017 standard mileage rate for a taxpayer's business of vehicle is 53.5 cents per mile.

(Source:https://www.irs.gov/newsroom/2017-standard-mileage-rates-for-business-medical-and-moving-announced)

As such option D is correct and options A and B are incorrect.

Option C is incorrect since in 2016 it was 54 cents a mile. In 2017 it was down to 53.5 cents per mile for business miles driven.

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Answer 2

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