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Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses:
Airfare $ 520
Lodging 3,200
Meals 800
Entertainment of clients 640
How much of these expenses can Jordan deduct?


Sagot :

The expenses that Jordan can deduct is $3,731.

This is the amount that she can deduct as business expenses for this trip from New York to Denver.

Data and Calculations:

Expenses incurred on the trip for both business and private purposes:

Lodging   3,200

Meals         800

Total      $4,000

Travel days = 2 days

Business days = 9 days

Visiting friends = 5 days

Total days spent conducting business and visiting friends = 14 days

Business portion of the above expenses = 9/14

Amount to be deducted as business expenses is calculated as follows:

Portion of the above total expense =     $2,571 ($4,000 ( 9/14)

Airfare                                                            520

Entertainment of clients =                            640

Total amount that Jordan can deduct = $3,731

Thus, Jordan can deduct $3,731 of her expenses for the business trip.

Learn more about deductible business trip expenses here: https://brainly.com/question/15127637

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