G. Brown travels out of town for work reasons. The company provides a monthly travel allowance of $500 which she is not required to account for. During the year, she spent $2,000 for airline tickets, $500 on meals, and $1,000 on lodgings. What amount is added or deducted from Net income for tax purposes? Use a minus sign if the amount is deducted. Taxable allowance = Travel Deductions allowed = Net impact on employement income = The following year G. Brown was given the same allowance but had the following traveling expenses: Airline tickets $3,500 Meals $750 Hotels $1,500 What amount is added or deducted from Net income for tax purposes? Use a minus sign if the amount is deducted. Taxable allowance = Travel Deductions allowed = Net impact on employement income =

Question 5 Travel allowances G. Brown travels out of town for work reasons. The company provides a monthly travel allowance of $500 which she is not required to account for. During the year, she spent $2,000 for airline tickets, $500 on meals, and $1,000 on lodgings. What amount is added or deducted from Net income for tax purposes? Use a minus sign if the amount is deducted. The following year G. Brown was given the same allowance but had the following traveling expenses: What amount is added or deducted from Net income for tax purposes? Use a minus sign if the amount is deducted