Calculate the effect of these expenses on Amos AGI

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Problem - Amos is a self-employed tax attorney. He and Monica, his employee, attend a tax conference in Dallas sponsored by the American Institute of CPAs. The following expenses are incurred during the trip:

 

Amos

Monica

Conference registration

$900

$900

Airfare

1,200

700

Taxi fares

100

-0-

Lodging in Dallas

750

300

Required -

a. Amos pays for all of these expenses. Calculate the effect of these expenses on Amos's AGI.

b. Would your answer to part (a) change if the American Bar Association had sponsored the conference? Explain.

Reference no: EM132666920

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