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valina [46]
3 years ago
11

Jermaine owns a rental home in Lake Tahoe and traveled there from his home in San Francisco for maintenance and repairs three ti

mes this year. The round trip from San Francisco to Lake Tahoe is approximately 167 miles. How much travel cost can Jermaine deduct for the current year related to the rental home in Lake Tahoe?A. $0.B. $92.C. $278.D. $305.
Business
1 answer:
liraira [26]3 years ago
3 0

Answer:

No answer is correct.

If we use the values set by the IRS for 2019, the total travel costs deduction = $290.58.

If we use the 2018 value, the total travel costs deduction = $273.05

Explanation:

The new mileage reduction set by the IRS for 2019 is 58 cents (up from 54.5 cents) per mile. Since Jermaine had to travel 3 times during the year and drove for 167 miles, his total deduction should be:

  • total travel costs deduction = 3 x 167 x $0.58 = $290.58

If we use the 2018 deduction rates, Jermaine's total travel deduction will be:

  • total travel costs deduction = 3 x 167 x $0.545 = $273.05

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d. interviewer’s clothing

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If the coupon rate on a bond is higher than the yield to maturity, Multiple Choice the bond sells at a discount. the coupon rate
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Answer:

the current yield on the bond is lower now than when the bond was originally issued.

Explanation:

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