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Salsk061 [2.6K]
3 years ago
5

Lesa drives her car approximately 18,000 miles per year. During the most recent year, she drove 7,000 miles commuting to and fro

m work, 4,500 miles for business-related conferences and client visits, and 6,500 miles for personal trips. How many miles are considered business miles and can be used to determine the tax deduction for transportation expenses?
Business
1 answer:
White raven [17]3 years ago
3 0

Answer:

The answer is: 4,500 miles

Explanation:

Lesa can only deduct 4,500 miles as transportation expenses form her taxable income. She could include any other related expenses like parking fees, tolls, etc., that she spent during her business related trips.

The 7,000 miles she drove to and form work are not considered business expenses, since going to work is not an actual part of working. It's like an employee trying to get paid for the time he or she spends in a bus going to work.

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kakasveta [241]

Answer:

5.84%    

Explanation:

We use the RATE function that is shown in the excel. Kindly find the attachment below:

The NPER shows the time period.  

Given that,  

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PMT = $2

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The formula is shown below:

= Rate(NPER,PMT,-PV,FV,type)    

So, the annual compound rate of return is 5.84%            

5 0
3 years ago
With the Likert scale, it is best to use "flat" or plain statements and let the respondent indicate the intensity of his or her
Basile [38]

Answer:

A

Explanation:

This is because it allows the respondent indicate the intensity of his or her feelings by using the agree-disagree response continuum position according to the Likert survey rating scale.

5 0
3 years ago
You have just received an offer in the mail from Friendly Loans. The company is offering to loan you $4,250 with low monthly pay
Kobotan [32]

Answer:

73 months

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=nper(rate,pmt,-pv,fv)

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73 months/12 months=approximately 6 years  

8 0
3 years ago
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Vanyuwa [196]

Answer:

A

Explanation:

5 0
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Flura [38]

Answer:

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Equilibrium price is $2. This is where quantity supplied equals quantity demanded.

I hope my answer helps you

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3 years ago
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