Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi I need help in solving this question: Melissa recently paid $660 for round-trip airfare to San Francisco to attend a business conference for three

Hi I need help in solving this question:

Melissa recently paid $660 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $650 fee to register for the conference, $370 per night for three nights lodging, $360 for meals, and $305 for cab fare.

a.

What amount of the travel costs can Melissa deduct as business expenses?

b.

Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sightseeing, she paid $1,700 for transportation, $1,055 for lodging, and $275 for meals during this part of her trip, which she considers personal in nature. What amount of the travel costs can Melissa deduct as business expenses?

c.

Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference as an incidental benefit of being present on the coast at that time. What amount of the airfare can Melissa deduct as a business expense?

d.

Suppose that Melissas permanent residence and business was located in San Francisco. She attended the conference in San Francisco and paid $650 for the registration fee. She drove 129 miles over the course of three days and paid $149 for parking at the conference hotel. In addition, she spent $230 for breakfast and dinner over the three days of the conference. She bought breakfast on the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of the travel costs can Melissa deduct as business expenses?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Auditing Of Public Sector Property Contracts

Authors: Lori Keating

1st Edition

0566089998, 978-0566089992

More Books

Students also viewed these Accounting questions

Question

t use software to determine the PERT layou

Answered: 1 week ago

Question

Apply your own composing style to personalize your messages.

Answered: 1 week ago

Question

Format memos and e-mail properly.

Answered: 1 week ago