During the year 2018, 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. All of this mileage was incurred ratably throughout the year. She spent $300 for airfare to another business seminar and $200 for parking at her office. Using the automobile expense rates in effect for 2018, what is her deductible transportation expense?

Given:

Distance = 5,000 miles to 10,000 miles = 5,000 miles + 500 miles (business related seminars)

Airfare = $300

To find:

Deductible transportation expense

Solution:

The following is the calculation of the deductible transportation expense,

Deductible transportation expense = 30,550 cents = $305.5

Therefore, the deductible transportation expense for Ricki is $305.5.

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