What amount of these costs can melissa deduct

Assignment Help Accounting Basics
Reference no: EM13514898

Melissa recently paid $400 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $250 fee to register for the conference, $300 per night for three night's lodging, $200 for meals, and $150 for cab fare. a. What amount of the travel costs can Melissa deduct as business expenses? b. Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sightseeing, she paid $1,000 for transportation, $800 for lodging, and $450 for meals during this part of her trip, which she considers personal in nature. What amount of the travel costs can Melissa deduct as business expenses? 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?

Suppose that Melissa's permanent residence and business was located in San Francisco. She attended the conference in San Francisco and paid $250 for the registration fee. She drove 100 miles over the course of three days and paid $90 for parking at the conference hotel. In addition, she spent $150 for breakfast and dinner over the three days of the conference. She bought breakfast on the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costs can Melissa deduct as business expenses?

Reference no: EM13514898

Questions Cloud

Explain how to calculate the ph of the solution : A solution is made by combining 15.0 mL of 18.0 M acetic acid with 5.50 g of sodium acetate and diluting to a total volume of 1.50 L. Calculate the pH of the solution.
Find the volume of carbon tetrachloride in the test tube : A test tube contains 2.86x10-4 m3 of liquid carbon tetrachloride (? = 1240x10-6 (C°)-1) at a temperature of 67.0°C. Find the volume of carbon tetrachloride in the test tube at -13.0°C
Find the speed of sound in the atmosphere of arrakis : On the planet Arrakis, a male ornithoid is flying toward his stationary mate at 25 [m/s] while singing at a frequency of 1200 [Hz]. what is the speed of sound in the atmosphere of Arrakis
Find the contact force due to the floor acting on suitcase : You are pulling a suitcase through an airport at a constant speed. The handle of the suitcase makes an angle of 60 degrees with respect to the horizontal direction, what is the contact force due to the floor acting on the suitcase
What amount of these costs can melissa deduct : She bought breakfast on the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costs can Melissa deduct as business expenses?
Different views on the process of biological evolution : Darwin and Lamarck had different views on the process of biological Evolution. Describe each view in detail and explain in detail at least one line of evidence demonstrating that Darwin's view was correct .
What amount can amy deduct for the loss : What amount can Amy deduct for the loss of the equipment and what amount can Amy deduct for the loss of the equipment?
Explain spectrum allow you to confirm that the structure : Does your spectrum allow you to confirm that the structure of the product is a combination of the two reactants. Briefly explain.
What is the maximum net force on the mass as it oscillates : The position of a 0.64-kg mass undergoing simple harmonic motion is given by x = (0.160 m) cos (pt/16). What is the maximum net force on the mass as it oscillates

Reviews

Write a Review

Accounting Basics Questions & Answers

  The fifo method in costing its raw material inventory

The FIFO method in costing its raw material inventory

  Abc ltd a manufacturing company incurred the following

abc ltd. a manufacturing company incurred the following expenses during a certain period. you are required to prepare a

  Which of the following statements concerning audit evidence

which of the following statements concerning audit evidence is true?a clients accounting data can be sufficient audit

  Sample of accounts payable for confirmation

Select a sample of accounts payable for confirmation, emphasizing vendors with a large balance and those that the client transacts with frequently, but include several with small and zero balances.

  Explain what method of inventory valuation is probably

you are making a detailed analysis of the financial statements and accounting records of two companies adams company

  Ethnics are an important aspect of corporate culture

Ethnics are an important aspect of corporate culture.

  Nonfinancial information which used to evaluate performance

Discuss the nonfinancial information that may be used to evaluate the performance of a college or university and suggest what information provides the most insight to financial performance.

  The manufacturing overhead budget of inch corporation is

the manufacturing overhead budget of inch corporation is based on budgeted direct labor hours. the september direct

  The strategic objectives of the company

The board of a company decides that the strategic objectives of the company should be:to become established as the best in its field.

  On january 1 2009 elva corp paid 750000 for 80 of fenton co

on january 1 2009 elva corp. paid 750000 for 80 of fenton co. when the book value of fentons net assets was 800000.

  At what amount would kramer company report ending inventory

Kramer Company values its inventory by using the retail method(LIFO basis, stable prices). The following information is available for the year 2010.

  Differential income for processing rough-cut lumber

What is the amount of (a) the differential revenue, (b) differential cost, and (c) differential income for processing rough-cut lumber into finished cut?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd