Compute the deductible expenses

Assignment Help Accounting Basics
Reference no: EM132350580

Question - During the year, John went from Milwaukee to Alaska on business. Preceding a five-day business meeting, he spent four days vacationing at the beach. Excluding the vacation costs, his expenses for the trip are:

Air fare $3,200

Lodging 900

Meals 800

Entertainment 600

Presuming reimbursement, deductible expenses are:

a. $3,200.

b. $3,900.

c. $4,100

d. $5,500.

e. None of the above.

Reference no: EM132350580

Questions Cloud

Difference between black hole attack and wormhole attack : Discuss and describe the difference between a black hole attack and a wormhole attack.
What is the maximum helmer will pay per model : Helmer Containers manufactures a variety of boxes used for packaging. What is the maximum Helmer will pay per Model A20 box to outsource production of this? box
Social media governance for organizations : Social Media Governance for organizations: Discuss the issues that arise for organizations and the private/personal social media accounts of their employees.
Identify these facilitators for the green project : Some organizational factors increase a project's likelihood of success. Identify these "facilitators" for the Green project.
Compute the deductible expenses : Preceding a five-day business meeting, he spent four days vacationing at the beach. Presuming reimbursement, deductible expenses are
Determine the robert employer deduction : Robert entertains several of his key clients on January 1 of the current year. Determine the Robert's employer's deduction
Combating proliferation of drugs : Explain how you would use data available to you to prepare a report for the Governor for the State Program "Combating Proliferation of Drugs."
Technical infrastructure and security risk management : Explain about Technical Infrastructure and security risk management
Prepare the journal entries for JOE Co : Prepare the journal entries for JOE Co. for the following dates - January 4, 2015- JOE settles the call option on the Manchester shares

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