Question
For each of the following independent scenarios, determine the amount of deductible travel expenses: During the year, Marcia Brady (a self-employed management consultant) went from
- For each of the following independent scenarios, determine the amount of deductible travel expenses:
- During the year, Marcia Brady (a self-employed management consultant) went from Milwaukee to Florida on business. Before the five-day business meeting, Marcia spent four days vacationing on the beach!
Here are her business expenses for the trip (NOTE: these amounts do NOT include any of her expenses while she was on vacation enjoying the beach! These are all strictly her business expenses.):
Air fare $1,625
Lodging (business days) 1,200
Meals (business days) 500
Entertainment (business days) 725
Presuming no reimbursement, calculate the amount of Marcias deductible travel expenses
- During the year, Peter Brady (a self-employed marketing consultant) went from Omaha to Lima (Peru) on business. He spent four days on business, two days on travel, and four days on vacation sightseeing.
Here are Peters business expenses for the trip (NOTE: these amounts do NOT include any of his expenses that he incurred while sightseeing! These are all strictly his business expenses.):
Air fare $2,980
Lodging (business days) 1,650
Meals (business days) 950
Entertainment (business days) 900
Presuming no reimbursement, calculate the amount of Peters deductible travel expenses
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