Wayne was recently promoted to regional manager for the East Coast.His new responsibility requires monthly trips to meet with district managers.His employer does not reimburse his travel expenses.Which of the following would be disallowed as a travel and transportation expense?

• a) Airfare b) Hotel expenses c) Taxis d) Phone call home

Wayne was recenliy promoted to regional manager for the East Coast. His new responsibility requires monthly trips to meet with district managers. His employer does not reimburse his travel expenses. Which of the following would be disaifowsd as a travel and transportation expense? a} Airfare b} Hotel expenses c] Taxis d} Phone call home Wayne's ovemight travel expenses include meals. Which of the following best describes the limit on his deduction for business meal expenses? at $30 per meal b} 50% of the total meal expenses of] 50% of the employee's meals only d] Meals for evewone except the employee - potential clients only Brad began using an ofce in home in August of 2016. The cost of his home was $135,000. of which. the land value was $20,000. The business percentage of the area used is 20%. What is the amount of depreciation Brad is eligible to deduct on his 2016 tax retum? {Round to the nearest dollar.) a} $1.3m: b} s 221 c] $1.1mr d} $ zoo In order for Wayne, the regional manager. to be able to claim his travel expenses as business related. he must meet certain criteria. Which of the following is incorrectly listed as a characteristic of business related travel expenses? a} Business related travel must be ordinary and necessary. b} Business related travel must be expenses incurred for travel away from home for business. professional. orjob related reasons. of] Business related travel must not be extravagant or lavish. d} Business related travel must be for the convenience of the employer. Helen is a nurse and takes night classes at the community college. IlI'lfhich of the following is an incorrect statement with respect to education expenses as deductible employee business expenses? a} Education expenses for which an education credit was claimed are taxable. b} Education that qualies the taxpayer for his rst job in that eld is not deductible. of] Education that enables the taxpayer to change jobs is not deductible. d} Education must be required by the employer or the law to keep one's salary, status. or job, or maintain or improve skills required in his present job in order to be deductible