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You are sent to attend a business conference in Orlando Florida (you live in Illinois). The conference is 5 but you book a hotel for

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You are sent to attend a business conference in Orlando Florida (you live in Illinois). The conference is 5 but you book a hotel for 7 days in order to go to Disney World. The hotel costs $1, 750 in total. Per diem for food is $50 a day. The conference registration was $450. Airfare was $800. Assume you will report qualified deductions on Schedule A. Before AGI limitations, what is your total deductions for this trip? a. $2, 625 b. $2, 750 c. $3, 250 d. $2, 450 Modifying the problem above, what happens if the conference is only for three days? What is your total deductions for this trip? a. $2, 150 b, $2, 075 c, $1, 350 d. $1, 275 A taxpayer drives the following routes: From home to client's location-25 miles From client's to main office-5 miles From main office to post office-1 mile From post office to home-20 miles The taxpayer also have a few more expenditures. The client location had a $10 parking fee. He paid $24 for gasoline. Assume the standard mileage rate is $0.54, what is the qualified transportation deduction? (Round to nearest dollar) a. $38 b. $27 c. $17 d. $51 If you are an employee under a non-accountable reimbursement plan, what percentage of your AGI will lower your unreimbursed employee expense deductions? a. 10% b. 7.5% c. 29% d. There is no AGI limit under non-accountable plans

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