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Problem 6-33 (LO. 1) Amos is a self-employed tax attorney. He and Monica, his employee, attend a tax conference in Dallas sponsored by the American
Problem 6-33 (LO. 1) Amos is a self-employed tax attorney. He and Monica, his employee, attend a tax conference in Dallas sponsored by the American Institute of CPAs. The following expenses are incurred during the trip: Monica Amos $900 $900 1,200 700 Conference registration Airfare Taxi fares Lodging in Dallas 100 0 750 300 Amos pays for all of these expenses. a. What is the tax effect of these expenses for Amos? The expenses are Calculate the total amount of deductible expenses (for both Amos and Monica). Conference registration Airline tickets Taxi fares Lodging 10 Total b. If the American Bar Association had sponsored the conference, calculate the total amount of deductible expenses (for both Amos and Monica)
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