Designate whether the following expenses are fully deductible (F), partially deductible (P), or nondeductible (N) in the year paid.
-Weekend meals and lodging when business meetings are held on Friday and Monday and these costs are less than the round-trip flight home.

Question

Quizplus · Accepted Answer

Weekend meals and lodging are partially deductible because they are incurred for business purposes, but personal expenses like meals are typically only 50% deductible.

Designate Whether the Following Expenses Are Fully Deductible (F), Partially