Calculate joan travel expense deduction for the trip

Assignment Help Accounting Basics
Reference no: EM131815462

Question - Joan is a self-employed -attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to' consult with a client and take a short vacation. On the trip, Joan incurred the following expenses: Airfare to and from SanDiego 575 Hotel charges while on business 340 Meals while on business 210 Car rental while on business 120 Hotel charges while on vacation 460 Meals while on vacation 290 Car rental while on vacation 180 Total 2,175 Calculate Joan's travel expense deduction for the trip, assuming the trip was made in 2010.

Reference no: EM131815462

Questions Cloud

What is brian percentage ownership : JBC Corporation is owned 20 percent by John, 30 percent by Brian, 30 percent by Charlie, What is Brian's percentage ownership
An explanation of the current health care delivery system : Explain the medical social workers' roles in the health care delivery system, which might specifically address health disparities in vulnerable populations.
Discuss how the main it-based developments : Discuss how the main IT-based developments in the networked e-business domain (the Big Five) are related to the various technology classes. 250 words.
Distinction between high art and low art : How should the distinction between high art and low art be explained to non-experts?
Calculate joan travel expense deduction for the trip : Joan is a self-employed -attorney in New York City. Calculate Joan's travel expense deduction for the trip, assuming the trip was made in 2010
Compute the expected cash collections during the months : Compute the expected cash collections during months of January, February, March, April, May and June. It takes three pounds of raw material to make one unit.
What are some features of bonds : What are bonds? What are some features of bonds? Are bonds sold in both primary and secondary markets?
What ways the economic growth and development factor affects : what ways the economic growth and development factor affects the nature of the accounting system in both industrial or agricultural countries
What is the net income margaret should show : What is the net income Margaret should show on her Schedule C? Show the calculation of her taxable business income

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd