Dennis, the owner of Dennis Company, incurs the following expenses while away from home on a...
Dennis, the owner of Dennis Company, incurs the following expenses while away from home on a 3-week business trip during 2019:
Airfare from Chicago to Boston $800
Hotel charges 1,800
Meal charges 740
Dry cleaning and laundry 100
Local transportation 40
Business entertainment 150
Business gift to Boston customer 45
In addition to the above expenses, Dennis incurred the following expenses for a weekend sightseeing trip to Washington D.C.:
Transportation to Washington D.C. $200
Hotel charges 125
Meal charges 95
Calculate the amount Dennis may deduct for 2019 as travel expenses for the trip. Calculate the amount Dennis may deduct for 2019 as entertainment. Calculate the amount Dennis may deduct for 2019 as business gifts.
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Dennis, the owner of Dennis Company, incurs the following
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Read the following letter and help Shady Slim with his tax
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[The following information applies to the questions
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Read the following letter and help Shady Slim with his tax
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