Clark is a self-employed freelance news reporter.  The Globe News Corp. hires him as an independent contractor and sends him to Florida to cover a story at an amusement park.  Clark decides to take his wife along since she has never been to the amusement park.  Clark incurs the following travel expenses: Plane tickets: $1,000 each Hotel: $900 + $50 (for 2nd occupant) Meals: $600 Clark spends 10 days on assignment for business purposes and 5 days sightseeing for his personal pleasure.  How much can Clark deduct as business travel expenses? Group of answer choices $1,500 $1,700 $1,800 $2,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Clark is a self-employed freelance news reporter.  The Globe News Corp. hires him as an independent contractor and sends him to Florida to cover a story at an amusement park.  Clark decides to take his wife along since she has never been to the amusement park.  Clark incurs the following travel expenses:

  • Plane tickets: $1,000 each
  • Hotel: $900 + $50 (for 2nd occupant)
  • Meals: $600

Clark spends 10 days on assignment for business purposes and 5 days sightseeing for his personal pleasure.  How much can Clark deduct as business travel expenses?

Group of answer choices
$1,500
$1,700
$1,800
$2,000
 
 
 
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