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6-33 (LO. 1) Amos is a self-employed tax attorney. He and Monica, his employee, attend a tax conference in Dallas sponsored by the American Institute
6-33 (LO. 1) Amos is a self-employed tax attorney. He and Monica, his employee, attend a tax conference in Dallas sponsored by the American Institute of CPAs. The following expenses are incurred during the trip: Conference registration Airfare Taxi fares Lodging in Dallas Amos Monica $900 $900 1,200 700 100 0 750 300 Amos pays for all of these expenses. a. What is the tax effect of these expenses for Amos? The expenses are Calculate the total amount of deductible expenses (for both Amos and Monica). Conference registration Airline tickets Taxi fares Lodging Total b. If the American Bar Association had sponsored the conference, calculate the total amount of deductible expenses (for both Amos and Monica)
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