Bob is a self-employed lawyer and is required to take a week of continuing legal education every year to maintain his license. This year he paid $1,150 in course fees for his continuing legal education in a different city. He also paid $354 for airfare and a hotel room and paid $234 for meals. What is the total amount he can deduct on his Schedule C related to these expenses?

Question

Wheeler

Business

6 May, 06:13

Bob is a self-employed lawyer and is required to take a week of continuing legal education every year to maintain his license. This year he paid $1,150 in course fees for his continuing legal education in a different city. He also paid $354 for airfare and a hotel room and paid $234 for meals. What is the total amount he can deduct on his Schedule C related to these expenses?

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Answers (1)

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Judith · Answer 1

total amount = $1621

Explanation:

given data

course fees for continuing legal education = $1,150

airfare and a hotel room = $354

meals = $234

solution

as here Bob only deduct half of meal expenditure on business trip because as per the law only 50 % expenses is allowable for food

so amount deduct = 0.50 * $234 = $117

and

airfare is expense is fully allowable

so amount deduct able = 100% * $354 = $354

and

professional expenses are also allowable so

so amount deduct able = 100% * $1,150 = $1150

so total amount deduct able expenditure under schedule C is

total amount = $117 + $354 + $1150

total amount = $1621