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Problem
Johnny Moreno travels from New York to Miami on a business trip. Three days of the trip are spent conducting business activities and one day is spent on personal sightseeing activities. Johnny incurs $700 in airfare costs in going to and returning from Miami and $150 a day in expenses for qualified meals and lodging while in Miami. Johnny receives a $800 reimbursement from his employer for these travel costs. What amount is deductible on Johnny's tax return for travel expenses related to the above activities?
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Barbara Montgomery is a first-year auditor for Coopers and Rose
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Calculate the break-even time for the new product.
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