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During the year, Krisiten holds two jobs. After an eight-hours day at the first job, she works three hours at the second job. On Fridays of each week, she returns home for dinner before going to the second job. On the other days (mondays through thursday) she goes directly from the first job to the second job stopping along the way for a meal. The mileage involved in as followHome to first job 18Frist job to second job 20Home to second job 24
a. Assuming that Kristen works 49 weeks during the year, how much of her mileage is deductible?
b. Can kristen deduct the dinners she purchased? Why or why not?
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A competitive environment means that organizations will be:
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Develop a memo to Texaco Inc’s chief accountant indicating the appropriate income tax allocation required for the above items, comprising the appropriate balance sheet presentation.
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