Melissa recently paid $870 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $400 fee to register for the conference, $260 per night for three nights' lodging, $120 for meals in restaurants, and $425 for cab fare. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.) d. Suppose that Melissa's permanent residence and business were located in San Francisco. She attended the conference in San Francisco and paid $400 for the registration fee. She drove 117 miles over the course of three days and paid $111 for parking at the conference hotel. In addition, she spent $595 for breakfast and dinner over the three days of the conference. She bought breakfast or the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costs can Melissa deduct as business expenses? (Use standard mileage rate.) Deductible amount

Melissa recently paid $870 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $400 fee to register for the conference, $260 per night for three nights' lodging, $120 for meals in restaurants, and $425 for cab fare. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.) d. Suppose that Melissa's permanent residence and business were located in San Francisco. She attended the conference in San Francisco and paid $400 for the registration fee. She drove 117 miles over the course of three days and paid $111 for parking at the conference hotel. In addition, she spent $595 for breakfast and dinner over the three days of the conference. She bought breakfast or the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costs can Melissa deduct as business expenses? (Use standard mileage rate.) Deductible amount

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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