Question
Travel Expenses (LO. 3) Chai is self-employed and travels to New Orleans for a business conference. The following facts are related to the trip: Round
Travel Expenses (LO. 3)
Chai is self-employed and travels to New Orleans for a business conference. The following facts are related to the trip:
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a. If Chai spends 4 days at the conference and 2 days sightseeing, what amount may he deduct as travel expense? $
b. If he spends 2 days at the conference and 4 days sightseeing, what amount may he deduct as travel expense? $
c. Next year, Chai would like his wife, Li, who does not work outside their home, to go with him to the conference. Li's expenses would be similar to Chai's, except that the room rate for double occupancy is $150. Li would probably attend one or two sessions and the receptions at night. of his wife's expenses are deductible. In addition, Chai will be for the hotel room.
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