Question
F, vice president of sales for a large corporation, is in the executive M.B.A. program at the University of Michigan. F lives in Chicago and
F, vice president of sales for a large corporation, is in the executive M.B.A. program at the University of Michigan. F lives in Chicago and travels to Ann Arbor and Detroit to take certain courses.
a.) Fs employer reimburses F for the tuition, which is $30,000 per year. Explain how F will treat the reimbursement and the expense. What if F was not reimbursed? Indicate whether the following expenses incurred by F would be deductible.
b.) Meals and lodging when he stays overnight.
c.) Transportation costs from Chicago and back.
d.) Books.
e.) Secretarial fees for typing term projects.
f.) Copying expenses.
g.) Value of vacation time used to take classes.
h.) Getting someone to help teach when having problems
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