Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Exercise 9-19 (Algorithmic) (LO. 3) Brenda, a self-employed taxpayer, travels from Chicago to Barcelona (Spain) on business. She is gone 10 days (including 2 days of travel) during which time she spends 5 days conducting business and 3 days sightseeing. Her expenses are $1,930 (airfare), $245 per day (meals), and $420 per night (lodging). Because Brenda stayed with relatives while sightseeing, she only paid for 5 nights of lodging. Compute Brenda's deductions for the following:

Sagot :

abiolataiwo2015

Answer:

a. $1,351

b. $857.5

c. $2,100

Explanation:

Computation for Brenda's deductions

a. Airfare= (70% × $1,930)

Airfare=$1,351

b. Meals= [(245/2)*7]

Meals=857.5

c. Lodging= [420*5]

Lodging=$2,100

Therefore Brenda's deductions are:

a. $1,351

b. $857.5

c. $2,100

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.