Question

Jessica is a U.S. Army Reservist and in 2020 traveled 130 miles each way to serve duty at a local military installation. She was required to report four times in 2020. Her normal route from home to the base included a $1.75 toll each way. Jessica's for AGI deduction for these costs is:

Answer 1

Answer:

AGI Deduction = 580.8 US dollars.

Explanation:

Solution:

Data Given:

Miles traveled = 130 miles

Reporting Period = 4 times in 2020

Cost from home to base = $1.75 toll each way.

Jessica's for AGI deduction for these costs is:

First, we need to find the travel amount:

Travel amount = Miles x Reporting Period x 2 x Mileage rate for deduction

Here, mileage rate for deduction = 0.545 per mile. So,

Travel Amount = 130 miles x 4 times x 2 x 0.545

Travel Amount = 566.8 US dollars.

Now, we need to find the Jessica's Toll Expenses.

Toll Expenses = 1.75 x 2 x 4 times

Toll Expenses = 14 US dollars.

Finally, we can find the required AGI Deduction:

AGI Deduction = Travel Amount + Toll Expenses.

AGI Deduction = 566.8 US dollars + 14 US dollars

Hence, Jessica's AGI deductions are:

AGI Deduction = 580.8 US dollars.