During the year, Walt (self-employed) travels from Seattle to Tokyo, Japan, on business.His time was spent as follows: two days travel (one day each way) , two days business, and two days personal.His expenses for the trip were as follows (meals and lodging reflect only the business portion) : Presuming no reimbursement, Walt's deductible expenses are:
A) $3,500.
B) $4,500.
C) $5,500.
D) $6,000.
E) None of these.
Correct Answer:
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