Pat started a new business on September 1, 2022. He is self-employed. He drove 500 business miles from September 1 – December 31, 2022. He qualifies to use the standard mileage rate. What amount will be entered on line 9 of his Schedule C (Form 1040)? $280 $293 $313 $500
Pat started a new business on September 1, 2022. He is self-employed. He drove 500 business miles from September 1 – December 31, 2022. He qualifies to use the standard mileage rate. What amount will be entered on line 9 of his Schedule C (Form 1040)? $280 $293 $313 $500
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 55P
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Question
Pat started a new business on September 1, 2022. He is self-employed. He drove 500 business miles from September 1 – December 31, 2022. He qualifies to use the standard mileage rate. What amount will be entered on line 9 of his Schedule C (Form 1040)?
$280
$293
$313
$500
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ISBN:
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Author:
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Publisher:
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