Danny owns an electronics outlet in Dallas. This year, he paid $610 to register for a four-day course in management in Chicago. Danny paid $790 in airfare and $960 for five nights' lodging. After the course, Danny spent the last day sightseeing. During the trip, Danny also paid $160 a day for meals at restaurants, and $100 a day for a rental car. What amount of these travel expenditures may Danny deduct as business expenses?

Danny owns an electronics outlet in Dallas. This year, he paid $610 to register for a four-day course in management in Chicago. Danny paid $790 in airfare and $960 for five nights' lodging. After the course, Danny spent the last day sightseeing. During the trip, Danny also paid $160 a day for meals at restaurants, and $100 a day for a rental car. What amount of these travel expenditures may Danny deduct as business expenses?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter9: Deductions: Employee And Self- Employed-related Expenses

Section: Chapter Questions

Problem 19CE: Fred, a self-employed taxpayer, travels from Denver to Miami primarily on business. He spends five...

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