(Solution) An employee of a corporation takes a 10-day trip from Chicago to New York. He spends seven days conducting business and three days sightseeing and... > Snapessays.com


(Solution) An employee of a corporation takes a 10-day trip from Chicago to New York. He spends seven days conducting business and three days sightseeing and...


An employee of a corporation takes a 10-day trip from Chicago to New York. He spends seven days conducting business and three days sightseeing and visiting friends. His expenses included: Airfare $ 800 Lodging (10 days at $280) 2,800 Meals (10 days at $100) 1,000 Entertainment of friends 250 $4,850 The corporation reimburses the employee under an accountable plan. What amount of the $4,850 qualifies as deductible travel expenses for the corporation?a.         $3,220b.         $3,460c.         $3,110d.         $4,100e.         $3,395

 


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This question was answered on: Sep 21, 2023

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