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mixer [17]
3 years ago
9

Barry is a self-employed attorney who travels to New York on a business trip during the year. Barry's expenses were as follows:

Airfare $560 Taxis 40 Meals 100 Lodging 350 How much may Barry deduct as travel expenses for the trip? a. None of these b. $1,000 c. $950 d. $0 e. $1,050
Business
1 answer:
trapecia [35]3 years ago
6 0

Answer:

$1,050

Explanation:

Given that,

Airfare = $560

Taxis = $40

Meals = $100

Lodging = $350

All the expenses incurred during a business trip to New York are deductible.

Therefore, the amount of expenses deducted is calculated as follows:

= Airfare + Taxis + Meals + Lodging

= $560 + $40 + $100 + $350

= $1,050

Hence, Barry may deduct $1,050 as travel expenses for the trip.

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1 year ago
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Answer:

The correct answer is: expressed in the prices of a base year.

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