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9 September, 18:56

During the year, John (a self-employed management consultant) went from Milwaukee to Hawaii on business. Preceding a five-day business meeting, he spent four days vacationing at the beach. Excluding the vacation costs, his expenses for the trip are: Airfare $3,200 Lodging 900 Meals 800 Entertainment 600 Presuming no reimbursement, deductible expenses are:

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  1. 9 September, 19:07
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    Answer and Explanation:

    Business deduction according to IRS rules:

    Particular Amount

    Expenses on travelling (100%) $3,200

    Meal (50% deductible) $800 * 50% $400

    Entertainment (No deduction) $0

    Loading charges (100%) $900

    Total deductible expenses $4,500
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