Question #1: Ed is a self-employed heart surgeon who lives in Michigan and has incurred the following reasonable expenses. How much can Ed deduct?

$1,000 in airfare to repair investment rental property in Colorado.

$500 in meals while attending a medical convention in New York.

$300 for tuition for an investment seminar, "How to pick stocks."

$100 for tickets to a football game with hospital administrators to celebrate successful negotiation of a surgical contract earlier in the day

Question #2:

Hamad is beginning his first tax course and does not really have a solid understanding of the role that taxes play in various decisions. Please describe for Hamad the various types of decisions that taxes may influence.