How much of these expenses can Jordan deduct?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses:
Airfare
$ 500
Lodging
Meals
3,000
750
Entertainment of clients 600
Required:
How much of these expenses can Jordan deduct?
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