In November 2021, Kortney (who is a self-employed management consultant) travels from Chicago to Barcelona (Spain) on business. She is gone for 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), $265 per day (meals at local restaurants), and $450 per night (lodging). Because Kortney stayed with relatives while sightseeing, she paid for only 5 nights of lodging. Compute Kortney's deductions for the following: If required, round your answers to the nearest dollar. a. Deduction for airfare: 1,351 ✔ Feedback P Check My Work b. Deduction for meals: 928 X Feedback
In November 2021, Kortney (who is a self-employed management consultant) travels from Chicago to Barcelona (Spain) on business. She is gone for 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), $265 per day (meals at local restaurants), and $450 per night (lodging). Because Kortney stayed with relatives while sightseeing, she paid for only 5 nights of lodging. Compute Kortney's deductions for the following: If required, round your answers to the nearest dollar. a. Deduction for airfare: 1,351 ✔ Feedback P Check My Work b. Deduction for meals: 928 X Feedback
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter11: Individuals As Employees And Proprietors
Section: Chapter Questions
Problem 5CE
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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 for 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), $265 per day (meals at local restaurants), and $450 per night (lodging). Because Kortney stayed with
relatives while sightseeing, she paid for only 5 nights of lodging. Compute Kortney's deductions for the following:
If required, round your answers to the nearest dollar.
a. Deduction for airfare:
1,351 ✔
Feedback
Check My Work
b. Deduction for meals:
928 X
Feedback
Check My Work
c. Deduction for lodging:
2,250 ✔](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F302e1524-ef35-4a75-b267-7fe45c245ef2%2F431b0255-815b-49cc-89fa-9f7d365a31fe%2Fjrm1kwf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In November 2021, Kortney (who is a self-employed management consultant) travels from Chicago to Barcelona (Spain) on business. She
is gone for 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), $265 per day (meals at local restaurants), and $450 per night (lodging). Because Kortney stayed with
relatives while sightseeing, she paid for only 5 nights of lodging. Compute Kortney's deductions for the following:
If required, round your answers to the nearest dollar.
a. Deduction for airfare:
1,351 ✔
Feedback
Check My Work
b. Deduction for meals:
928 X
Feedback
Check My Work
c. Deduction for lodging:
2,250 ✔
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