Using the car expense rate of 0.50 cents per mile what is, Ask an Expert

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During the year 2010, Ricki, who is not self-employed and does not receive employer reimbursement for business expenses, drove her car 5,000 miles to visit clients, 10,000 miles to get to her office, and 500 miles to attend business-related seminars. She spent $300 for airfare to another business seminar and $200 for parking at her office.

Using the car expense rate of 0.50 cents per mile, what is her deductible transportation expense?

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Accounting Basics, Accounting

Category:- Accounting Basics
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