Which of the following expenses, incurred while on travel, does not qualify as a travel expense?
A)Tips
B)Dry cleaning of suit
C)Dinner at a steak house
D)Gift purchased for a prospective customer ($20)
E)None of these

Question

Quizplus · Accepted Answer

Gifts for prospective customers, while potentially a business expense, do not qualify as a travel expense under typical accounting and tax guidelines. Travel expenses generally cover costs directly related to the act of traveling, such as lodging, meals, and transportation.

Which of the Following Expenses, Incurred While on Travel, Does