Question - Haley, a self-employed individual, drove her automobile a total of 20,000 business miles in 2015. This represents about 75% of the auto's use. The standard business mileage rate is 57.5 cents per mile for 2015. She has receipts as follows:
Parking (business only) $500
Tolls (business only) $200
Total repairs $1,000
If Haley uses the standard mileage rate method, how much can she deduct as a business expense?
a. $12,950
b. $12,200
c. $12,000
d. $11,500