LO3 Floyd owns an antique shop. During the year, he and his wife, Amanda, who works as
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LO3 Floyd owns an antique shop. During the year, he and his wife, Amanda, who works as a real estate broker, attend a 3-day antique show in Boston. The following facts are related to the trip:
*The hotel rate for double occupancy is $20 more than the single occupancy rate.
What amount can Floyd and Amanda deduct as travel expense? Explain.
Transcribed Image Text:
Train per person Hotel daily rate-double occupancy* Meals $37 per day per person Incidentals-$14 per day per person $110 115 37 14
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Related Book For
Concepts In Federal Taxation 2011
ISBN: 9780538467926
18th Edition
Authors: Kevin E. Murphy, Mark Higgins
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