Kim works for a clothing manufacturer as a dress designer.
During 2019, she travels to New York City to attend five days of
fashion shows and
then spends three days sightseeing. Her expenses are as
follows:
Airfare $1500
Lodging (8 nights) 1920
Meals (8 days) 1440
Airport transportation 120
[Assume that lodging/meals are the same amount for the business and
personal portion of the trip ($240 per day for lodging and $180 per
day for meals).] a. Presuming no reimbursement, how much can Kim
deduct as to the trip?
b. Would the tax treatment of Kim’s deduction differ if she was
an independent contractor (rather than an employee)?
Explain.
Hi
Let me know in case you face any issue:
Get Answers For Free
Most questions answered within 1 hours.