Business, 24.03.2020 01:03 superfly903
During the year, Walt travels from Seattle to Tokyo (Japan) on business. His time was spent as follows: 2 days’ travel (one day each way), 2 days’ business, and 2 days personal. His expenses for the trip were as follows (meals and lodging reflect only the business portion):.
Air fare 3,000
Lodging 2,000
Meals and entertainment 1,000
Presuming no reimbursement, Walt’s deductible expenses are?
a. $3,500.
b. $4,500.
c. $5,500.
d. $6,000.
e. None of these.
Answers: 3
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During the year, Walt travels from Seattle to Tokyo (Japan) on business. His time was spent as follo...
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