Calculate the amount dennis may deduct as travel expenses

Assignment Help Financial Accounting

Reference no: EM1393934

Dennis, the owner of Dennis Company, incurs the following expenses while away from home on a three-week business trip during the current tax year:Air fare from Chicago to Boston = $700;Hotel charges = $1,800;Meal charges = $780;Dry cleaning and laundry = $100;Local transportation = $35;Business entertainment = $150;Business gift to Boston manager = $45;In addition to the above expenses, Dennis incurred the following expenses for a weekend sightseeing trip to Washington D.C.:Transportation to Washington D.C.=$200;Hotel charges = $125;Meal charges = $95;Calculate the amount Dennis may deduct as travel expenses for the trip.Do not put a comma, do not put a decimal point, and do not put a dollar sign.

Reference no: EM1393934

Questions Cloud

Finding common ancestor groups : Among the fungi, animals and plants, the two most closely related groups have a common ancestor that is one of the characters on which their relatedness is based.

Common cause variation and special cause variation : What is the difference between common cause variation and special cause variation? What should you do to improve a process when special causes of variation are present?

How does meredith use its variety of products : Which of the following strategies do you think best supports Meredith's effort also support your answer? (Undifferentiated, Differentiated, Concentrated, Micromarketing)

Case study-executive camera company : The Executive Camera Company provides full expenses for its sales force. When attempting to budget automobile expenses for its employees, the financial department uses mileage figures to estimate gas, tire, and repair expenses.

Calculate the amount dennis may deduct as travel expenses : Calculate the amount Dennis may deduct as travel expenses for the trip. Dennis, the owner of Dennis Company, incurs the following expenses while away from home on a three-week business trip during the current tax year

Illustrate what steps you could take to address : Examine the way you perceive your co-workers or classmates also the perceptual or attribute, ion errors you are likely to make also discuss illustrate what steps you could take to address those errors. Provide specific e.g. to support your respons..

Optimal order quanity-rop : What is the total expected annual inventory cost at the optimal order quantity? What is the re-order point?

Calculate the observed frequency of cftr alleles : Cystic fibrosis is a chronic lung and digestive disease caused by a mutation in the CFTR gene on chromosome 7. In the United States approximately 39 in 10,000 individuals are affected.

Explain why the escalation is non-rational : You also your co-workers had an in-depth discussion about non rational escalation of commitment. Use your best communication techniques to discuss the following questions: Classify the possible original decisions, the person(s) who could make it a..

User Account

All Pages