Income Tax Fundamentals 2020
38th Edition
ISBN: 9780357391129
Author: WHITTENBURG
Publisher: Cengage
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Chapter 3, Problem 9P
To determine
Introduction: Traveling expenses are necessary expenses for taxpayers incurred during the course of business. These expenses are deductible as long as they are reasonable, lavish, or extravagant transportation expenses are not allowed to be deducted.
The travel expense deduction for J assuming the trip was made in 2019.
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Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the following expenses:
Airfare to and from San Diego
$ 480
Hotel charges while on business
440
Restaurant meals while on business
260
Car rental while on business (she drove 240 miles)
110
Hotel charges while on vacation
460
Restaurant meals while on vacation
290
Car rental while on vacation
180
Total
$2,220
Calculate Joan's travel expense deduction for the trip, assuming the trip was made in 2022.
Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the following expenses:
Airfare to and from San Diego
$ 478
Hotel charges while on business
340
Meals while on business
260
Car rental while on business (she drove 240 miles)
110
Hotel charges while on vacation
460
Meals while on vacation
290
Car rental while on vacation
180
Total
$2,118
Calculate Joan's travel expense deduction for the trip, assuming the trip was made in 2019.$
Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and
take a short vacation. On the trip, Joan incurred the following expenses:
Airfare to and from San Diego
Hotel charges while on business
Restaurant meals while on business
Car rental while on business
Hotel charges while on vacation
Restaurant meals while on vacation
Car rental while on vacation
Total
$ 675
500
220
90
700
242
180
$2,607
Calculate Joan's travel expense deduction for the trip, assuming the trip was made in 2022.
1,406 X
Chapter 3 Solutions
Income Tax Fundamentals 2020
Ch. 3 - Prob. 1MCQCh. 3 - Prob. 2MCQCh. 3 - Prob. 3MCQCh. 3 - Which of the following formulas represents the...Ch. 3 - Prob. 5MCQCh. 3 - Prob. 6MCQCh. 3 - Heather drives her minivan 953 miles for business...Ch. 3 - Prob. 8MCQCh. 3 - Prob. 9MCQCh. 3 - Under the high-low method, the federal per diem...
Ch. 3 - Prob. 11MCQCh. 3 - Prob. 12MCQCh. 3 - Prob. 13MCQCh. 3 - Prob. 14MCQCh. 3 - Prob. 15MCQCh. 3 - Prob. 16MCQCh. 3 - Prob. 17MCQCh. 3 - Prob. 18MCQCh. 3 - Prob. 19MCQCh. 3 - Prob. 20MCQCh. 3 - Prob. 21MCQCh. 3 - Prob. 22MCQCh. 3 - Prob. 23MCQCh. 3 - Stewie, a single taxpayer, operates an activity as...Ch. 3 - Prob. 2PCh. 3 - Lawrence owns a small candy store that sells one...Ch. 3 - Business with gross receipts of $25 million or...Ch. 3 - Teresa is a civil engineer who uses her automobile...Ch. 3 - Prob. 7PCh. 3 - Martha is a self-employed tax accountant who...Ch. 3 - Prob. 9PCh. 3 - Go to the U.S. General Services Administration...Ch. 3 - Prob. 11PCh. 3 - Prob. 12PCh. 3 - Marty is a sales consultant. Marty incurs the...Ch. 3 - Prob. 14PCh. 3 - Prob. 15PCh. 3 - Cooper and Brandy are married and file a joint...Ch. 3 - Prob. 17PCh. 3 - Prob. 18PCh. 3 - Prob. 19PCh. 3 - Prob. 20PCh. 3 - Cindy operates a computerized engineering drawing...Ch. 3 - Prob. 22PCh. 3 - Prob. 23PCh. 3 - Prob. 24PCh. 3 - Lew is a practicing CPA who decides to raise...
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