
Danny owns an electronics outlet in Dallas. 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?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q89: Joe operates a plumbing business that uses
Q90: Murphy uses the accrual method and reports
Q91: Shadow Services uses the accrual method and
Q92: Sam operates a small chain of pizza
Q93: Mike operates a fishing outfitter as an
Q95: Gabby operates a pizza delivery service. This
Q96: Colby Motors uses the accrual method and
Q97: Ranger Athletic Equipment uses the accrual method
Q98: David purchased a deli shop on February
Q99: Blackwell Manufacturing uses the accrual method and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents