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GaryK [48]
3 years ago
7

Carlos drives to oregon to consult with a client. he works for 1 day and spends 3 days enjoying oregon since the consultation wa

s right before a 3-day weekend. his expenses were $175 to drive to oregon and back, $600 for lodging, $50 for food on the day that he worked, and $125 for food on the other 3 days. how much of his travel expenses are deductible?
Business
1 answer:
Assoli18 [71]3 years ago
7 0

Answer:

Explanation:

You are able to deduct expenses that are directly related to the business travel.

He can deduct the entire 175 for driving, since he would need to do that no matter if he stayed longer or not. Staying longer doesn't add any extra cost.

He can deduct lodging that covers the amount of time dedicated to business so of the 600 he can deduct 1/4 or $150 since only 1 of the 4 days was business related.

And the $50 for food for the day he spent on business

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So the Net Present Value can now be calculated using the CFj function of a Financial calculator as follows :

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D. Serves as an initial evaluation of the adequacy of an investment's expected cash flows.

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7 0
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DerKrebs [107]

Answer:

sandwiches

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easy of factor substitution is high

8 0
3 years ago
Read 2 more answers
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