Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2021 Tax year [The following information applies to the questions displayed below.) Melissa recently paid $660 for round-trip airfare to San Francisco to attend a
2021 Tax year
[The following information applies to the questions displayed below.) Melissa recently paid $660 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $650 fee to register for the conference, $370 per night for three nights' lodging, $360 for meals in restaurants, and $305 for cab fare. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero If applicable.) a. What amount of these costs can Melissa deduct as business expenses? Deductible amount Required information [The following information applies to the questions displayed below.) Melissa recently paid $660 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $650 fee to register for the conference, $370 per night for three nights' lodging. $360 for meals in restaurants, and $305 for cab fare. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero If applicable.) b. Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sightseeing, she pold $1700 for transportation, $1,055 for lodging, and $275 for meals during this part of her trip, which she considers personal in nature. What amount of the total costs can Melissa deduct as business expenses? Deductible amount Required information [The following information applies to the questions displayed below.) Melissa recently paid $660 for round-trip airfare to San Francisco to attend a business conference for three days, Melissa also paid the following expenses: $650 fee to register for the conference. $370 per night for three nights' lodging, $360 for meals in restaurants, and $305 for cab fare. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.) d. Suppose that Melissa's permanent residence and business were located in San Francisco. She attended the conference in San Francisco and paid $650 for the registration fee. She drove 129 miles over the course of three days and pald $149 for parking at the conference hotel. In addition, she spent $230 for breakfast and dinner over the three days of the conference. She bought breakfast on the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costs can Melissa deductos business expenses? (Use standard mileage rate.) Deductible amount Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started