ravel Expenses, Meals And
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 $1,295 in course fees for his continuing legal education in a different city. He also paid $467 for airfare and a hotel room and
paid $250 for meals, all of which were provided by the hotel's restaurant. Bob also purchased a $6 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?
1,887 X
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