13. Martha owns 300 shares of Singapore Airways stock. This year she spends $4,000 to travel to Singapore to attend the annual stockholders’ meeting. While she is there, Martha relaxes and sees a bit of Singapore. She spends 1 day at the shareholder meeting, 2 days relaxing, and 4 days traveling. Of the $4,000 of expenses, what amount is deductible for tax purposes?

a. $571 (1/7)

b. $2,857 (5/7)

c. $4,000 (100%)

d. $0

e. None of the above LO 12.5