subject
Business, 08.04.2020 02:32 rygei2697

Melissa recently paid $640 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $590 fee to register for the conference, $255 per night for three nights’ lodging, $170 for meals, and $605 for cab fare. (Leave no answers blank. Enter zero if applicable. Do not round intermediate calculations. Round your final answer to the nearest dollar amount.)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 $1,270 for transportation, $825 for lodging, and $340 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? d. Suppose that Melissa’s permanent residence and business was located in San Francisco. She attended the conference in San Francisco and paid $635 for the registration fee. She drove 196 miles over the course of three days and paid $181 for parking at the conference hotel. In addition, she spent $610 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 the travel costs can Melissa deduct as business expenses?

ansver
Answers: 3

Another question on Business

question
Business, 20.06.2019 18:04
As the beneficiary of a life insurance policy, you have two options for receiving the insurance proceeds. you can receive a lump sum of $200,000 today or receive payments of $1,400 a month for 20 years. if you can earn 6 percent on your money, which option should you take and why
Answers: 1
question
Business, 22.06.2019 10:00
Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.
Answers: 2
question
Business, 22.06.2019 13:30
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
question
Business, 22.06.2019 15:20
Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.
Answers: 3
You know the right answer?
Melissa recently paid $640 for round-trip airfare to San Francisco to attend a business conference f...
Questions
question
Mathematics, 21.10.2020 01:01
question
Mathematics, 21.10.2020 01:01
question
Mathematics, 21.10.2020 01:01
question
Social Studies, 21.10.2020 01:01
question
Mathematics, 21.10.2020 01:01
Questions on the website: 13722359