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Travel and Entertainment. Monique is a self-employed manufacturer's representative who solicits business for clients and receives a commission based on sales. She incurs the following
Travel and Entertainment. Monique is a self-employed manufacturer's representative who solicits business for clients and receives a commission based on sales. She incurs the following expenditures during the current year. Airfare and lodging while away from home overnight $4000 Business meals while traveling at which business is discussed $1000 Local transportation costs for automobile, parking, tolls, etc. (business-related) $2000 Commuting expenses $1000 Local entertainment of customers $2000 Grand total $10,000 a. Which of the expenditures listed above (if any) are deductible by Monique? b. Are each of these items classified as for AGI or from AGI deductions? c. How would your answers to Parts A and B change if Monique were an employer rather than self-employed and none of the expenses were reimbursed by her employer
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