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Melissa recently paid $415 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $270 fee to register for the conference, $350 per night for three nights' lodging, $110 for meals in restaurants, and $315 for cab fare. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable. a. What amount of these costs can Melissa deduct as business expenses?

Melissa recently paid $415 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $270 fee to register for the conference, $350 per night for three nights' lodging, $110 for meals in restaurants, and $315 for cab fare. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable. a. What amount of these costs can Melissa deduct as business expenses?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Melissa recently paid $415 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $270 fee to register for the conference, $350 per night for three nights' lodging, $110 for meals in restaurants, and $315 for cab fare. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable. a. What amount of these costs can Melissa deduct as business expenses? Answer is complete but not entirely correct. Deductible amount $ 2,105 X
Transcribed Image Text:Melissa recently paid $415 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $270 fee to register for the conference, $350 per night for three nights' lodging, $110 for meals in restaurants, and $315 for cab fare. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable. a. What amount of these costs can Melissa deduct as business expenses? Answer is complete but not entirely correct. Deductible amount $ 2,105 X
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