Question
Evelyn, a business executive who lives and works in Cleveland, accepts a temporary out-of-town assignment in Atlanta for a period of ten months. Evelyn leaves
Evelyn,
a business executive who lives and works in Cleveland, accepts a temporary out-of-town assignment in Atlanta for a period of ten months.
Evelyn
leaves her husband and children in Cleveland and rents an apartment in Atlanta during the ten-month period.
Evelyn
incurs the following expenses, none of which are reimbursed by her employer:
Airfare to and from Atlanta: 700
Airfare for week end trips to visit her family: 9,200
Apartment rent: 11,000
Meals in Atlanta: 8,400
Entertainment of customers: 1,600
Total: 30,900
Requirement a. Which of the expenditures listed above (if any) are deductible by
Evelyn
for
2017
(before any limitations are applied)? How would your answers change if the tax year were
2018
rather than
2017?
Designate which of the expenditures are potentially deductible in
2017
and
2018.
| For 2017 | For 2018 |
---|---|---|
Airfare to and from Atlanta |
|
|
Airfare for weekend trips to visit her family |
|
|
Apartment rent |
|
|
Meals in Atlanta |
|
|
Entertainment of customers |
|
|
Requirement b. Are each of these expenditures classified as for AGI or from AGI deductions?
| For 2017 | For 2018 |
---|---|---|
Airfare to and from Atlanta |
|
|
Airfare for weekend trips to vist her family |
|
|
Apartment rent |
|
|
Meals in Atlanta |
|
|
Entertainment of customers |
|
|
Requirement c. If
Evelyn's
AGI is
$180,000,
what is the amount of the deduction for the expenditures? (Complete all input fields. Enter a "0" for any zero amount.)
The amount of the 2017 deduction for the expenditures is |
|
---|---|
The amount of the 2018 deduction for the expenditures is |
|
Requirement d. Do the tax consequences change if
Evelyn's
assignment is for a period of more than one year?
No. The tax consequences for 2017 would not change.
Yes. The tax consequences for 2017 would change.
Only the airfare to and from Atlanta and meals
Only the apartment rent and entertainment
The airfare for weekend trips, apartment rent, and meals
would
Requirement e. Do the tax consequences in Parts a through c change if it was realistically expected that the work would be completed in ten months but after the ten-month period
Evelyn
is asked to continue for seven more months and if an additional
$9,000
of travel expenses are incurred during the extended period?
The expense associated with the first ten months
would be
would not be
deductible in
2017.
The portion of the
$9,000
related to travel
would be
would not be
deductible. The portion related to meals and entertainment
yes it's a tax question. And please, can you tell precisely which information you need? I've been spending hours to know how I can solve this and you're still asking more infos or making comments. I really need to be done with this homework today.
That's why I did add the written version. please see the informations added. you'll see the written version of this question.
Evelyn, a business executive who lives and works in Cleveland, acompts a temporary out-of-lown assignment in Alanya for a period of ten moins Evelyn leaves her husband and children in Cleveland and sents an apartment in Allanta during the ten-month period Evelyn incurs the following expenses, none of which are roimbursed by her employer Click the icon to view the expenses Requirement a. Which of the expenditures listed above it anys are deductible by Evelyn for 2017 (before any imitations are applied? How would your answers change it the tax year were 2018 rather than 2017? Designate which of the expenditures are potentially deductible in 2017 and 2018 Choose from any list or enter any number in the input fields and then continue to the next question For 2017 For 2018 Airfare to and from Atlanta Airfare for weekend trips to vist her family Occide Choose from any list or enter any number in the input fields and then continue to the ni Dedicable, subject to 50% mahon Noldeductible Apartment rent Meals in Atlanta Entertainment of customers -X 1 Data Table Airfare to and from Atlanta $ 700 Airfare for weekend trips to visit her family 9,200 11,000 Apartment rent Meals in Atlanta 8,400 1,600 Entertainment of customers Print Done en none of which are Evelyn, a business executive who lives and works n Cleveland, accepts a temporary out of town assament in Alla boca husband and children in Cleveland and rents an apartment in Altanta during the ter-month De reimbursed by her employer Deductibor AG Click the con to view the expenses) Deductible for AC 25 of AG Dodactible from AGI Requirement b. Are each of these expenditures classified as for Alat from AGI deduction Double from AGI , 2% DAG let For 2017 Not deductible Airfare to and from Atlanta Choose from any list or enter any number in the input fields and then continue to the next question Airfare for weekend trips to vist her family Apartment rent Meals in Atlanta Choose from any list or enter any number in the input fields and then continue to the next question Entertainment of customers Requiremente. Il Evelyn's AGUS $180,000 what is the amount of the deduction for the expondums? (Complete all cut fields, Enera o for any zero amount) The amount of the 2017 deduction for the expenditures is Choose from any list of enter any number in the input fields and then continue to the next question Requirement d. Do the tax consequences change if Evelyn's assignment is for a period of more than one year! w Choose from any list or enter any number in the input hields and then continue to the next question Requiremente. Do the tax consequences in Parts a through a change if it was realistically expected that the work would be completed in ton months but aller the ter-month period Evelyn is asked to continue for seven more months and an additional $9,000 of travel expenses are incurred during the extended penod? en mit Choose from any list or enter any number in the input fields and then continue to the next question ten-month penod Evelyn is asked to continue for seven more months and it an additional $9.000 of travel expenses are curred during the extended penod? The expense associated with the first months deductble in 2017. The portion of the 50,000 related to travel denton The portion related to meals and ante tant would be Choose from any test or enter any number in the would not be continue to the next cuestion lan.morvih period Evelyn is asked to continue for seven more months and it an addtional $9.000 oraval expenses are nerod deduciblen 2017 The portion of the 59.000 related to travel Cecile The portion The expense associated with the test on monimo related to meals and entertainment would be would not be Choose from any list of enter any number in the input fields and then continue to the next question ten month period Evelyn is asked to continue for seven more months and it an additional $9,000 of travel expenses are incurred during the extended period deductible in 2017 The portion of the 59,000 imated to travel V doductible. The portion The expense associated with the first ton month related to meals and entertainment Choose from any list or enter any 15 il considered part of the travel expense and is deductible at 75% in 2017 is not a travel expense and is stil deductibile in 2017 Evelyn, a business executive who lives and works in Cleveland, acompts a temporary out-of-lown assignment in Alanya for a period of ten moins Evelyn leaves her husband and children in Cleveland and sents an apartment in Allanta during the ten-month period Evelyn incurs the following expenses, none of which are roimbursed by her employer Click the icon to view the expenses Requirement a. Which of the expenditures listed above it anys are deductible by Evelyn for 2017 (before any imitations are applied? How would your answers change it the tax year were 2018 rather than 2017? Designate which of the expenditures are potentially deductible in 2017 and 2018 Choose from any list or enter any number in the input fields and then continue to the next question For 2017 For 2018 Airfare to and from Atlanta Airfare for weekend trips to vist her family Occide Choose from any list or enter any number in the input fields and then continue to the ni Dedicable, subject to 50% mahon Noldeductible Apartment rent Meals in Atlanta Entertainment of customers -X 1 Data Table Airfare to and from Atlanta $ 700 Airfare for weekend trips to visit her family 9,200 11,000 Apartment rent Meals in Atlanta 8,400 1,600 Entertainment of customers Print Done en none of which are Evelyn, a business executive who lives and works n Cleveland, accepts a temporary out of town assament in Alla boca husband and children in Cleveland and rents an apartment in Altanta during the ter-month De reimbursed by her employer Deductibor AG Click the con to view the expenses) Deductible for AC 25 of AG Dodactible from AGI Requirement b. Are each of these expenditures classified as for Alat from AGI deduction Double from AGI , 2% DAG let For 2017 Not deductible Airfare to and from Atlanta Choose from any list or enter any number in the input fields and then continue to the next question Airfare for weekend trips to vist her family Apartment rent Meals in Atlanta Choose from any list or enter any number in the input fields and then continue to the next question Entertainment of customers Requiremente. Il Evelyn's AGUS $180,000 what is the amount of the deduction for the expondums? (Complete all cut fields, Enera o for any zero amount) The amount of the 2017 deduction for the expenditures is Choose from any list of enter any number in the input fields and then continue to the next question Requirement d. Do the tax consequences change if Evelyn's assignment is for a period of more than one year! w Choose from any list or enter any number in the input hields and then continue to the next question Requiremente. Do the tax consequences in Parts a through a change if it was realistically expected that the work would be completed in ton months but aller the ter-month period Evelyn is asked to continue for seven more months and an additional $9,000 of travel expenses are incurred during the extended penod? en mit Choose from any list or enter any number in the input fields and then continue to the next question ten-month penod Evelyn is asked to continue for seven more months and it an additional $9.000 of travel expenses are curred during the extended penod? The expense associated with the first months deductble in 2017. The portion of the 50,000 related to travel denton The portion related to meals and ante tant would be Choose from any test or enter any number in the would not be continue to the next cuestion lan.morvih period Evelyn is asked to continue for seven more months and it an addtional $9.000 oraval expenses are nerod deduciblen 2017 The portion of the 59.000 related to travel Cecile The portion The expense associated with the test on monimo related to meals and entertainment would be would not be Choose from any list of enter any number in the input fields and then continue to the next question ten month period Evelyn is asked to continue for seven more months and it an additional $9,000 of travel expenses are incurred during the extended period deductible in 2017 The portion of the 59,000 imated to travel V doductible. The portion The expense associated with the first ton month related to meals and entertainment Choose from any list or enter any 15 il considered part of the travel expense and is deductible at 75% in 2017 is not a travel expense and is stil deductibile in 2017Step by Step Solution
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