Kelly is a self-employed tax attorney whose practice primarily involves tax planning. During the year, she...

Transcribed Image Text:

Kelly is a self-employed tax attorney whose practice primarily involves tax planning. During the year, she attended a three-day seminar regarding new changes to the tax law. She incurred the following expenses: Lodging Meals Course registration Transportation Required: a. How much can Kelly deduct? $ 400 95 350 150 Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. Kelly believes that obtaining a CPA license would improve her skills as a tax attorney. She enrolls as a part-time student at a local college to take CPA review courses. During the current year, she spends $1,500 for tuition and $300 for books. How much of these expenses can Kelly deduct? Answer is complete but not entirely correct. a. Total deduction $ 947.50x b. Deductible education expenses $ 0 Kelly is a self-employed tax attorney whose practice primarily involves tax planning. During the year, she attended a three-day seminar regarding new changes to the tax law. She incurred the following expenses: Lodging Meals Course registration Transportation Required: a. How much can Kelly deduct? $ 400 95 350 150 Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. Kelly believes that obtaining a CPA license would improve her skills as a tax attorney. She enrolls as a part-time student at a local college to take CPA review courses. During the current year, she spends $1,500 for tuition and $300 for books. How much of these expenses can Kelly deduct? Answer is complete but not entirely correct. a. Total deduction $ 947.50x b. Deductible education expenses $ 0

Answer rating: 100% (QA)

Lets break down the question and calculations stepbystep Part a Seminar Expenses Kelly incurred the ... View the full answer