Bob took a business trip from Chicago to London. He was away 12 days of which he spent six days on business (including two travel days) and six days vacationing. His expenses are as follows: Airfare $ 1,400 Lodging (12 days × $125) 1,500 Meals (12 days × $100) 1,200 Calculate Bob's travel expense deduction.
Bob took a business trip from Chicago to London. He was away 12 days of which he spent six days on business (including two travel days) and six days vacationing. His expenses are as follows: Airfare $ 1,400 Lodging (12 days × $125) 1,500 Meals (12 days × $100) 1,200 Calculate Bob's travel expense deduction.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bob took a business trip from Chicago to London. He was away 12 days of which he spent six days on business (including two travel days) and six days vacationing. His expenses are as follows:
| Airfare | $ | 1,400 |
| Lodging (12 days × $125) | 1,500 | |
| Meals (12 days × $100) | 1,200 | |
Calculate Bob's travel expense deduction.
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