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Question 4 1 pts During the current year, Harry, a self-employed accountant, travels from Kansas City to Miami for a seven-day business trip. While in
Question 4 1 pts During the current year, Harry, a self-employed accountant, travels from Kansas City to Miami for a seven-day business trip. While in Miami, Harry decides to stay for an additional 5 days of vacation. Harry pays $600 for airfare, $200 for meals, and $500 for lodging while on business. The cost of meals and lodging while on vacation was $300 and $500, respectively. How much may Harry deduct as travel expenses for the trip? O $600 O $1,200 O None of the above O $1,100 $1,300 Question 5 1 pts Gary is a self-employed accountant who pays $2,000 for business meals. How much of a deduction can he claim for the meals and where should the deduction be claimed? 100 percent, Schedule C deduction 100 percent, miscellaneous itemized deduction 50 percent. Schedule C deduction 50 percent, miscellaneous itemized deduction Question 6 1 pts If a taxpayer takes a trip within the United States which is primarily for business, the cost of travel to and from the destination need not be prorated between the business and personal portion of the trip. False O True Question 7 1 pts a In the current year, Johnice started a profitable bookkeeping business as a sole proprietor. Johnice made $38,000 in her first year of operation. What two forms must Johnice file for her business? None of the above O Schedules A and C Schedules D and E O Schedule SE and C Schedules B and C
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