James drove 1000 miles for a sales presentation. Standard mileage rate for business-related mileage is $0.56 per mile, medical or moving mileage is $0.16 per mile, and charitable activities mileage is $0.14 per mile. How much is his mileage deduction? $140. $160. O $560 $1000

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 29CE: Unearned Sales Revenue Brand Landscaping offers a promotion where a customers lawn will be mowed 20...
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James drove 1000 miles for a sales presentation. Standard mileage rate for business-related mileage is $0.56 per mile, medical or
moving mileage is $0.16 per mile, and charitable activities mileage is $0.14 per mile. How much is his mileage deduction?
$140.
$160.
O $560,
Ⓒ$1000
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Transcribed Image Text:View Policies Current Attempt in Progress James drove 1000 miles for a sales presentation. Standard mileage rate for business-related mileage is $0.56 per mile, medical or moving mileage is $0.16 per mile, and charitable activities mileage is $0.14 per mile. How much is his mileage deduction? $140. $160. O $560, Ⓒ$1000 Save for Later Attempts: 0 of 1 used Submit Answer Question list
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