Asked by Andy

Marion drives 20 miles a day from his first job to his second job. He worked 125 days during 2011 on both jobs. What is Marion's mileage deduction rounded to the nearest dollar assuming he uses the standard mileage rate and mileage is incurred ratably throughout the year?
A. $63
B. $1,250
C. $1,331
D. $1,463

is it D
Answered by Writeacher
125 x 20 x $0.51 = ??

IRS rate = http://www.irs.gov/newsroom/article/0,,id=232017,00.html

Answered by Andy
so its B?
Answered by Writeacher
I agree with B.

I think your course materials are about a year old. The 2010 rate was $0.50/mile, and that works out to B -- exactly!!
Answered by Andy
oh because i have posted three more questions and i cant seem to get the right numbers
Answered by Writeacher
Yes, look up the IRS rates for 2010.
Answered by Donna
Andy,
I came up with the answer.
2500 x .26= 650.
125 x .26= 32.50
2500 x .3250= 812.50
812.50+650= 1462.50.
There are no AI answers yet. The ability to request AI answers is coming soon!