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Problem 9-31 (Algorithmic) (LO. 1, 3, 5) Kim works for a clothing manufacturer as a dress designer. During 2022, she travels to New York
Problem 9-31 (Algorithmic) (LO. 1, 3, 5) Kim works for a clothing manufacturer as a dress designer. During 2022, she travels to New York City to attend five days of fashion shows and then spends three days sightseeing. Her expenses are as follows: Airfare Lodging (8 nights) $1,050 1,365 Meals at local restaurants (8 days) 1,260 70 Airport transportation Assume lodging/meals are the same amount for the business and personal portion of the trip ($171 per day for lodging and $158 per day for meals). If an amount is zero, enter "0". If required, round all interim calculations to nearest dollar. a. Determine Kim's business expenses, presuming no reimbursement. Airfare Lodging Meals Transportation Total 1,050 855 790 70 2,765 What amount may she deduct on her tax return? 2,765 X Feedback Check My Work The possibility always exists that taxpayers will attempt to treat vacation or pleasure travel as deductible business travel. To prevent such practices, the law contains restrictions on certain travel expenses.
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