Question

Cindy is a salesperson employed by a window manufacturing company, and she travels to various locations to sell her products. She drives 12,000 miles a year. She adequately accounts to her employer for her business expenses. Her employer reimburses her $4,200 for the mileage driven at 35 cents per mile. Based on the standard mileage rate of 58 cents per mile, her expense was $6,960. Cindy is entitled to deduct on Schedule A, Itemized Deductions, transportation expenses of

Answer 1

$2,760

Step-by-step explanation:

Based on the information given Cindy is entitled to deduct transportation expenses of the amount of $2,760 ($6,960-$4200) reason been that we were told that based on the standard mileage rate her expense was the amount of $6,960 in which her employer only reimburses her the amount of $4,200 which means that she can claim the amount of $2,760 ($6,960-$4200) as the amount that was not reimbursed to her .

Therefore Cindy is entitled to deduct on Schedule A, Itemized Deductions, transportation expenses of $2,760