Kim works for a clothing manufacturer as a dress designer. During 2022, she travels to New York

Question:

Kim works for a clothing manufacturer as a dress designer. During 2022, she travels to New York City to attend five days of fashion shows and then spends three days sightseeing. Her expenses are as follows:Airfare Lodging (8 nights) Meals at local restaurants (8 days) Airport transportation $1,500 1,920 1,440 120

[Assume that lodging/meals are the same amount for the business and personal portion of the trip ($240 per day for lodging and $180 per day for meals).]

a. Presuming no reimbursement, how much can Kim deduct as to the trip?

b. Would the tax treatment of Kim’s deduction differ if she was an independent contractor (rather than an employee)? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

Question Posted: