Problem 9-26 (LO. 3) On Thursday, Justin flies from Baltimore (where the office for his sole proprietorship is located) to Cadiz (Spain). He conducts business on Friday and Tuesday; vacations on Saturday, Sunday, and Monday (a legal holiday in Spain); and returns to Baltimore on Thursday. Justin is scheduled to return home on Wednesday, but all flights were canceled due to bad weather. As a result, he spends Wednesday watching floor shows at a local casino. Days where travel is attempted/cancelled is counted as a travel day under tax law. Justin is self-employed. a. For tax purposes, what portion of Justin's trip is regarded as being for business? 100% b. Suppose Monday was not a legal holiday. Would this change your answer about what percentage of Justin's trip would be regarded as business? Yes, because this causes Saturday, Sunday, and Monday to be nonbusiness days. C. Under either part (a) or (b), how much of Justin's airfare qualifies as a deductible business expense? Under part (a), all of the airfare would be deductible Under part (b), 80% of the airfare would be deductible Problem 9-29 (Algorithmic) (LO. 5) During 2021, Jos, a self-employed technology consultant, made gifts in the following amounts: $63 34 To Haley (Jos's personal assistant) at Christmas To Darryl (a key client)-$3 was for gift wrapping To Darryl's wife (a homemaker) on her birthday To Veronica (Jos's office manager) at Christmas 14 55 In addition, on professional assistants' day, Jos takes Haley to lunch at a local restaurant at a cost of $100. Presuming that Jos has adequate substantiation, how much can he deduct? Do not round intermediate computations. If required, round your final answer to the nearest cent. 128 Problem 9-28 (Algorithmic) (LO. 5) During 2021, Stork Associates paid $88,200 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $55 to $165 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event (provided by a local restaurant) at a cost of $3,200. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated. How much may Stork deduct for this event