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.)
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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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.)
c. Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference
as an incidental benefit of being present on the coast at that time. What amount of the airfare can Melissa deduct as a business
expense?
Deductible amount](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fedf69e56-d634-4979-a1e3-8cc7f62f983b%2Fa52664bf-1c14-4e75-b236-c89747ac1e88%2Fzrd2vgt_processed.png&w=3840&q=75)
Transcribed Image Text: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.)
c. Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference
as an incidental benefit of being present on the coast at that time. What amount of the airfare can Melissa deduct as a business
expense?
Deductible amount
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