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6). Agnes operates a Christmas Shop in Atlantic City, NJ. She makes a weekend trip to Vero Beach, FL, for the purpose of determining the
6). Agnes operates a Christmas Shop in Atlantic City, NJ. She makes a weekend trip to Vero Beach, FL, for the purpose of determining the feasibility of opening another shop. Her total travel expenses are $2,000, out of which $500 are for meals. In addition, she pays $5,000 to a market research firm in Vero Beach to prepare a feasibility study. a. Determine the amount of the expenses that Agnes can deduct if: 1). She opens a new shop in Vero Beach on Oct 1 of the current year 2). She decides not to open a new shop in Vero Beach b. Repeat part a assuming Agnes investigates the feasibility of opening a restaurant instead
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