An employee of a corporation takes a 10-day trip from Chicago to New York. He spends seven days conducting business and three days sightseeing and visiting friends. His expenses included: fte corporation reimburses the employee under an accountable plan. What amount of the $4,850 qualiﬁes as deductible travel expenses for the corporation?

Question

An employee of a corporation takes a 10-day trip from Chicago to New York. He spends seven days conducting business and three days sightseeing and visiting friends. His expenses included:  fte corporation reimburses the employee under an accountable plan. What amount of the $4,850 qualiﬁes as deductible travel expenses for the corporation?

Quizplus · Accepted Answer

the allowable deduction is $800 for airfare, $1,960 for lodging (7 days at $280), and $350 for meals (7 at 100
× 50%). the se expenses total to $3,110.

An Employee of a Corporation Takes a 10-Day Trip from Chicago