Mike is an independent contractor in 2019. Mike at-tends a professional trade association convention in Los Angeles.
Question:
Mike is an independent contractor in 2019. Mike at-tends a professional trade association convention in Los Angeles. He spends three days at the meeting and two days vacationing before the meeting. Mike;s total expenses include the following:
Airfare | $450 |
Meals ($50 per day) | 250 |
Hotel ($100 per day) | 500 |
Entertainment of customers | |
(business is discussed) | 500 |
Total | $1,700 |
a. How much can Mike deduct for business-related expenses for 2019?
b. How would your answers change if Mike spent two days at the meeting and three days vacationing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Federal Taxation 2020 Comprehensive
ISBN: 9780135196274
33rd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
Question Posted: