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Sam Operates a Small Chain of Pizza Outlets in Fort  Course Tuition$2,500\ \text{Course Tuition}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\$2,500

Question 92

Short Answer

Sam operates a small chain of pizza outlets in Fort Collins, Colorado. In November of this year Sam decided to attend a two-day management training course. Sam could choose to attend the course in Denver or Los Angeles. Sam decided to attend the course in Los Angeles and take an eight-day vacation immediately after the course. Sam reported the following expenditures from the trip:  Course Tuition$2,500\ \text{Course Tuition}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\$2,500
 Air Fare800\ \text{Air Fare}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad800
 Hotel (10 nights)1,200\ \text{Hotel (10 nights)}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad1,200
 Rental car (10 days)900\ \text{Rental car (10 days)}\quad\quad\quad\quad\quad\quad\quad\quad\quad900
 Meals (10 days)1,500\ \text{Meals (10 days)}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad1,500 What amount of travel expenditures can Sam deduct?

Correct Answer:

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$3,070 = 2,500 + (2 ...

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