Ryan estimates that he drove approximately 1,300 miles on business trips, but he can only provide written documentation of the business purpose for trips totaling 820 miles. what business expense amount can ryan deduct (if any) for these trips?

Explanation: In order to claim an item as a business expense you need to have documentation for the expense. In the case of mileage, there needs to be documentation for the trip. The amount that Ryan can write off is the IRS deductible amount per mile, which is .58 per mile in 2019 for 820 miles. This amount for 2019 is $475.60.

swatiupadhyay714 swatiupadhyay714 · Answer 2 · 2021-11-11T15:37:41+01:00

Business is termed as the economic activity that incurs all the profit and the loss as well with the fluctuating market environment. It incurs with the prevailing market conditions and slows down with the respective market situations. The incomes and expenses in the business are judged as per the support and effort of the firm for survival and growth in the market.

The IRS deductible rate for 820 miles is the right answer.

To claim an item as a business expense, it is mandated to have documentation for the expense. In the case of mileage, there needs to be documentation for the trip. The amount that Ryan can write off is the IRS deductible amount per mile, which is .58 per mile in 2019 for 820 miles. This amount for 2019 is $475.60.

To know more about the business expenses, refer to the link below:

https://brainly.com/question/15062855