Exercise 9-16 (Algorithmic) (LO. 3)
Brenda, a self-employed taxpayer, travels from Chicago to Barcelona (Spain) on business. She is gone 10 days (including 2 days of travel) during which time she spends 5 days conducting business and 3 days sightseeing. Her expenses are $2,370 (airfare), $260 per day (meals), and $480 per night (lodging). Because Brenda stayed with relatives while sightseeing, she only paid for 5 nights of lodging. Compute Brenda's deductions for the following:
If required, round your answers to the nearest dollar.
a. Deduction for airfare:
$ 1,659
b. Deduction for meals:
$
c. Deduction for lodging:
$ 2,400
Please help me with the only b part
Deduction for meal
$260 × 5 days = $1300 × 50 % cut back adjustment = $650
Food are 50% deductible
Exercise 9-16 (Algorithmic) (LO. 3) Brenda, a self-employed taxpayer, travels from Chicago to Barcelona (Spain) on busin...
Brenda, a self-employed taxpayer, travels from Chicago to Barcelona (Spain) on business. She is gone 10 days (including 2 days of travel) during which time she spends 5 days conducting business and 3 days sightseeing. Her expenses are $1,500 (airfare), $200 per day (meals), and $400 per night (lodging). Because Brenda stayed with relatives while sightseeing, she only paid for 5 nights of lodging. Compute Brenda's deductions for the following expenses.\ Deduction for meals: