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Teresa, a sales consultant, travels from Ohio to California for business, paying $380 for airfare. She then spends $330 on lodging and $150 on meals
Teresa, a sales consultant, travels from Ohio to California for business, paying $380 for airfare. She then spends $330 on lodging and $150 on meals for the business portion of the trip. While there, she goes on a personal sightseeing tour of Mount Lancaster and spends $400 on car rental and lodging and $85 on meals.
Refer back to your readings and evaluate the scenario above. Respond to the prompts below for your initial post.
- Decide what Teresa can deduct for business travel and explain your reasoning.
- Explain what factors must be considered.
- How would your answer change if the trip was outside of the US? Explain.
- Complete the calculation for Teresas deduction and share your results.
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