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In November 2021, Kortney (who is a self-employed management consultant) 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 $1,710 (airfare), $225 per day (meals at local restaurants), and $390 per night (lodging). Because Kortney stayed with relatives while sightseeing, she only paid for 5 nights of lodging. Compute Kortney's deductions for the following:
a. Airfare
b. Meals
c. Lodging

Sagot :

abiolataiwo2015

Based on the information given Kortney's deductions are:

a. Airfare $1,197

b. Meals $788

c. Lodging $1,950

Kortney's deductions

a. Airfare deduction

Total number of Business day=5days+2days

Total number of Business day=7 days

Airflare= $1,710×7days/10days

Airfare=$1,197

b. Meals deduction

Meals=($225×7 days)×50%

Meals=$787.5

Meals=$788 (Approximately)

 

c. Lodging deduction

Lodging=$390×5 days

Lodging=$1,950

Inconclusion Kortney's deductions are:  Airfare $1,197 ; Meals $788 ; Lodging $1,950

Learn more here:

https://brainly.com/question/13575657

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