Travel and entertainment monique is a self-employed

Assignment Help Accounting Basics

Reference no: EM13610512

Travel and Entertainment. Monique is a self-employed manufacturer's representative who solicits business for clients and receives a commission based on sales. She incurs the following expenditures during the current year. Airfare and lodging while away from home overnight $4000 Business meals while traveling at which business is discussed $1000 Local transportation costs for automobile, parking, tolls, etc. (business-related) $2000 Commuting expenses $1000 Local entertainment of customers $2000 Grand total $10,000

a. Which of the expenditures listed above (if any) are deductible by Monique?

b. Are each of these items classified as for AGI or from AGI deductions?

c. How would your answers to Parts A and B change if Monique were an employer rather than self-employed and none of the expenses were reimbursed by her employer

Reference no: EM13610512

Questions Cloud

Bavarian sausages enterprise value is 75000000 the market : bavarian sausages enterprise value is 75000000 the market value of its debt is 23000000 and the market value of its

A square plate of copper with 540 cm sides has no net : a square plate of copper with 54.0 cm sides has no net charge and is placed in a region of uniform electric field of

Titania co sells 400000 of 12 bonds on june 1 2012 the : titania co. sells 400000 of 12 bonds on june 1 2012. the bonds pay interest on december 1 and june 1. the due date of

Xyz juice inc is not paying a dividend right now but is : xyz juice inc. is not paying a dividend right now but is expected to pay a 4.56 dividend two years from now. investors

Travel and entertainment monique is a self-employed : travel and entertainment. monique is a self-employed manufacturers representative who solicits business for clients and

The city council of collegeville receives a petition from : a. what are the equilibrium price and quantity of two-bedroom apartments in collegeville?b. the city council of

Vector points in the negative direction and has a : vector points in the negative direction and has a magnitude of 9 units. vector has twice the magnitude and points in

A project has the following cash flows year 0 cash flow : a project has the following cash flows year 0 cash flow 58000 year 1 cash flow -34000 year 2 cash flow -45000a. what is

Smith construction inc just paid a 278 dividend the : smith construction inc. just paid a 2.78 dividend. the dividend is expected to grow by 4 each year for the next three

User Account

All Pages