3 Required information The following information applies to the questions displa

Question

3 Required information The following information applies to the questions displayed below] Melissa recently paid $875 for round -trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $280 fee to register for the conference, $435 per night for three nights lodging, $275 for meals, and $235 for cab fare. (Leave no answers blank. Enter zero if applicable.) (Round your answer to the nearest dollar amount.) Part 3 of 4 /0.13 points awarded Scored c. Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference as an incidental benefit of being present on the coast at that time. What amount of the airfare can Melissa deduct as a business expense? S2.833

Explanation / Answer

(c) The Deductible Amount of Airfare = $ 0

Because the purpose of the trip is primarily personal so none of the airfare is deductible

         

(d) The Deductible Amount as Business Expenses =   $ 523

$ 523 ( Melissa would be allowed to deduct the registration fee for the conference of $ 280 and she could deduct $ 77 for the 144 miles she drove to and from the conference (144 miles x 0.535) and the parking fee of $ 166. However, because her travel did not require her to be away from home overnight, she is not allowed to deduct the cost of her meals going to and coming from the conference each day. )

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