On Monday, Harvey Leonard travels from Chicago to New York on a business trip. The trip lasts

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On Monday, Harvey Leonard travels from Chicago to New York on a business trip. The trip lasts five days. Three days of the trip are spent conducting business activities and two days are spent on personal sightseeing activities. Harvey incurs \(\$ 550\) in airfare costs in going to and returning from New York, \(\$ 50\) a day in expenses for meals, and \(\$ 100\) a day for lodging while in New York.

a. What amount is deductible on Harvey's tax return for travel expenses related to the above activities? Assume Harvey is self-employed.

b. Assume Harvey is an employee and is reimbursed \(\$ 700\) by his employer for the trip. What amount is deductible on Harvey's tax return for unreimbursed travel expenses related to the above activities?

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CCH Federal Taxation 2019 Comprehensive Topics

ISBN: 9780808049081

2019 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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