Question

Danny operates an Electronics Shop in Dallas. Please determine the following calculations:

This year he paid $600 to register for a four-day course in management in Chicago. Danny paid $800 in airfare and $1,000 for five nights lodging. After the course, Danny spent the last day sightseeing. During the trip, Danny also paid $140 a day for meals, and $80 a day for a rental car. What amount of these travel expenditures may Danny deduct as business expenses?

Answer 1

Danny deductable business expenses:

Amount paid to register for a four-day

course in management in Chicago = $600

Amount paid in air fare. = $800

Lodging fees (4nights) (4×$200). =$800

Meals expenses (4×{$140}×1÷2). =$280

Rental car expenses (4×$80) =$320

Total deductable expense = $2,800

Note: The trip is primarily business so the airfare is completely deductable. Only four days cost can be deducted for lodging, half the meals and auto rentals.

____×____

Keep supporting us.