Problem 3-11 Travel Expenses, Meals And Entertainment, Educational Expenses (LO 3.4, 3.5, 3.6) Bob is a self-employed lawyer and is required to take a week of continuing legal education every year to maintain his license. This year he paid $1,400 in course fees for his continuing legal education in a different city. He also paid $500 for airfare and a hotel room and paid $300 for meals, all of which were provided by the hotel's restaurant. Bob also purchased a $10 bag of snacks from a newsstand while waiting for his plane in the airport because he missed lunch. What is the total amount he can deduct on his Schedule C related these expenses?
Problem 3-11 Travel Expenses, Meals And Entertainment, Educational Expenses (LO 3.4, 3.5, 3.6) Bob is a self-employed lawyer and is required to take a week of continuing legal education every year to maintain his license. This year he paid $1,400 in course fees for his continuing legal education in a different city. He also paid $500 for airfare and a hotel room and paid $300 for meals, all of which were provided by the hotel's restaurant. Bob also purchased a $10 bag of snacks from a newsstand while waiting for his plane in the airport because he missed lunch. What is the total amount he can deduct on his Schedule C related these expenses?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Problem 3-11
Travel Expenses, Meals And Entertainment, Educational Expenses (LO 3.4, 3.5, 3.6)
Bob is a self-employed lawyer and is required to take a week of continuing legal education every year to maintain his license. This year he paid $1,400 in course fees for his continuing legal education in a different city. He also paid $500 for airfare
and a hotel room and paid $300 for meals, all of which were provided by the hotel's restaurant. Bob also purchased a $10 bag of snacks from a newsstand while waiting for his plane in the airport because he missed lunch.
What is the total amount he can deduct on his Schedule C related to these expenses?
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