Teresa is a civil engineer who uses her automobile for business. Teresa drove her automobile a total of 14,960 miles during 2015, of which 85% was business mileage. The actual cost of gasoline, oil, depreciation, repairs, and insurance for the year was $8,467.
Most travel expenses are fully deductible, but Congress decided that a portion of the cost of meals is a personal expense. Therefore, only a certain percent of the cost of meals is deductible. Marty is a sales consultant.