Dennis, the owner of Dennis Company, incurs the following expenses while away from home on a 3-week business trip during 2019: Airfare from Chicago to Boston $800 Hotel charges 1,800 Meal charges 740 Dry cleaning and laundry 100 Local transportation 40 Business entertainment 150 Business gift to Boston customer 45 In addition to the above expenses, Dennis incurred the following expenses for a weekend sightseeing trip to Washington D.C.: Transportation to Washington D.C. $200 Hotel charges 125 Meal charges 95 Calculate the amount Dennis may deduct for 2019 as travel expenses for the trip. Calculate the amount Dennis may deduct for 2019 as entertainment. Calculate the amount Dennis may deduct for 2019 as business gifts
|
5. Dennis, the owner of Dennis Company, incurs the following expenses while away from home on a 3-week business trip during 2019:
In addition to the above expenses, Dennis incurred the following expenses for a weekend sightseeing trip to Washington D.C.:
Calculate the amount Dennis may deduct for 2019 as travel expenses for the trip.
|
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
