Kim works for a clothing manufacturer as a dress designer. During 2020, 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 $1,500 Lodging (8 nights) 1,920 Meals (8 days) 1,440 Airport transportation 120 Assume 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). If an amount is zero, enter "0". a. Determine Kim's business expenses, presuming no reimbursement. Airfare X Lodging Meals Transportation Total What amount may she deduct on her tax return? $ X Feedback b. Would the tax treatment of Kim's deduction differ if she was an independent contractor? The deductible expenses on her tax return would be $ X and the expenses would be classified as a deduction for AGI V
Kim works for a clothing manufacturer as a dress designer. During 2020, 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 $1,500 Lodging (8 nights) 1,920 Meals (8 days) 1,440 Airport transportation 120 Assume 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). If an amount is zero, enter "0". a. Determine Kim's business expenses, presuming no reimbursement. Airfare X Lodging Meals Transportation Total What amount may she deduct on her tax return? $ X Feedback b. Would the tax treatment of Kim's deduction differ if she was an independent contractor? The deductible expenses on her tax return would be $ X and the expenses would be classified as a deduction for AGI V
Chapter16: Tax Research
Section: Chapter Questions
Problem 64DNC
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![Kim works for a clothing manufacturer as a dress designer. During 2020, 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
$1,500
Lodging (8 nights)
1,920
Meals (8 days)
1,440
Airport transportation
120
Assume 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).
If an amount is zero, enter "0".
a. Determine Kim's business expenses, presuming no reimbursement.
Airfare
Lodging
X
Мeals
Transportation
X
Total
What amount may she deduct on her tax return?
X
Feedback
b. Would the tax treatment of Kim's deduction differ if she was an independent contractor?
The deductible expenses on her tax return would be $
X and the expenses would be classified as
a deduction for AGI V](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffa7b4b4c-c86f-4dc7-8cf8-56d4a23b953f%2F0ff5bdb2-e171-4f5e-8b48-11ac9a53883f%2F2b4ebh8_processed.png&w=3840&q=75)
Transcribed Image Text:Kim works for a clothing manufacturer as a dress designer. During 2020, 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
$1,500
Lodging (8 nights)
1,920
Meals (8 days)
1,440
Airport transportation
120
Assume 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).
If an amount is zero, enter "0".
a. Determine Kim's business expenses, presuming no reimbursement.
Airfare
Lodging
X
Мeals
Transportation
X
Total
What amount may she deduct on her tax return?
X
Feedback
b. Would the tax treatment of Kim's deduction differ if she was an independent contractor?
The deductible expenses on her tax return would be $
X and the expenses would be classified as
a deduction for AGI V
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