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Lady bird [3.3K]
2 years ago
12

Lara uses the standard mileage method for determining auto expenses. During 2019, she used her car as follows: 9,000 miles for b

usiness, 2,000 miles for personal use, 2,500 miles for a move to a new job, 1,000 miles for charitable purposes, and 500 miles for medical visits. Presuming that all the mileage expenses are allowable (i.e., not subject to percentage limitations), what is Lara's deduction for: a. Business? b. Charitable? c. Medical?
Business
1 answer:
Scorpion4ik [409]2 years ago
4 0

Answer:

The answers are:

A) $5,220

B) $140

C) $100

Explanation:

The IRS mileage deduction rate for 2019 (Notice 2019-02):

  • 58 cents per mile for business miles driven
  • 20 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

A) Business mileage deductions:

9,000 miles x $0.58 per mile = $5,220

B) Charitable mileage deductions:

1,000 miles x $0.14 per mile = $140

C) Medical mileage deductions:

500 miles x $0.20 per mile = $100

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Answer:

Federal Reserve increases the money supply in the hands of the public if it buys back issued securities from large banks.

Explanation:

Federal Reserve increases the money supply in the hands of the public if it buys back issued securities from large banks. Conversely, Federal Reserve decreases the money supply in the hands of the public if it sells securities. As a result, the money supply increases.

Federal reserve provides and maintains an effective and efficient payment system. It also regulates banking operations.

5 0
2 years ago
Why would having information be a requirement for a purely competitive market?
dusya [7]

Answer:

To no the prices of goods and service and to buy stuff at low prices.

Explanation:

A purely competitive market is a situation where multiplier sellers have homogeneous products. The availability of the information is very important in a purely competitive market in order to decide how many sellers are selling the same product and from where an individual can buy products at low prices. Availability of information means, no seller can earn abnormal profits.

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3 years ago
A bank can offer which of the following
konstantin123 [22]

Answer:

Checking Account, Savings Account, Safety Deposit Box

Explanation:

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Commercial banks are also known as deposit-taking institutions. Deposits facilities offered by banks include

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MariettaO [177]
It should be on google 
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2 years ago
The stock in Up-Towne Movers is selling for $48.20 per share. Investors have a required return of 11.2 percent and expect the di
Keith_Richards [23]

Answer:

The dividend the company just paid is $3.53

Explanation:

The solution to the problem is given as follows.

$48.20 = D1/(.1120 − .0360)

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2 years ago
Read 2 more answers
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