I too am having a hard time with the Marion drives 20 miles a day to 2 jobs for 125 days of the year. What is his deductible using the standard mileage rate assuming he incurred ratably throughout the year. I take 125 x 20 x 0.51 and come up with 1275.
To calculate Marion's deductible using the standard mileage rate, follow these steps:
Step 1: Determine the total number of miles driven for work-related purposes throughout the year.
In this case, we are given that Marion drives 20 miles a day to 2 jobs for 125 days of the year. So, the total number of miles driven for work-related purposes would be calculated as:
20 miles/day * 2 jobs * 125 days = 5,000 miles.
Step 2: Multiply the total number of miles by the standard mileage rate.
For 2021, the standard mileage rate is 56 cents per mile. So, you would calculate Marion's deductible as:
5,000 miles * $0.56/mile = $2,800.
Therefore, based on the given information and using the correct standard mileage rate, Marion's deductible for driving to his two jobs would be $2,800, not $1,275.