Sam, an self employed individual, take 10 day trip from Texas to NewYork. She spends 6 days conducting business and 4 days visiting friends. Sam expenses: Airfare 600 Meal (10 days at $100) 1000 Lodging (10 days at $200) 2000 Entertainment of friends. 250 what actual amount may Sam deduct on form 1040, schedule C as a deduction for AGI?
Sam, an self employed individual, take 10 day trip from Texas to NewYork. She spends 6 days conducting business and 4 days visiting friends. Sam expenses: Airfare 600 Meal (10 days at $100) 1000 Lodging (10 days at $200) 2000 Entertainment of friends. 250 what actual amount may Sam deduct on form 1040, schedule C as a deduction for AGI?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sam, an self employed individual, take 10 day trip from Texas to NewYork. She spends 6 days conducting business and 4 days visiting friends. Sam expenses:
Airfare 600
Meal (10 days at $100) 1000
Lodging (10 days at $200) 2000
Entertainment of friends. 250
what actual amount may Sam deduct on form 1040, schedule C as a deduction for AGI?
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