Question

Melissa recently paid $800 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $510 fee to register for the conference, $400 per night for three nights' lodging, $220 for meals, and $445 for cab fare. (Leave no answers blank. Enter zero if applicable.) (Round your answer to the nearest dollar amount.) Problem 9-49 Part-a a. What amount of the travel costs can Melissa deduct as business expenses?

Answer 1

Answer:

$3,065

Explanation:

Data provided

Paid amount = $800

Conference fee = $510

Night lodging for three nights = $400 × 3

Meals = $220

Cab fare = $445

The computation of deductible amount is shown below:-

Deductible amount as business expenses = Paid amount + Conference fee + Night lodging for three nights + (Meals × deductible percentage) + Cab fare

= $800 + $510 + $1200 + ($220 × 50%) + $445

= $3,065