Sally and Martha are tax accountant partners operating a tax firm in San Diego.Every year, they attend the Tax Planning Forum in Las Vegas featuring nationally renowned tax experts.The Forum lasts for 2 days.One evening Sally and Martha attend a show and another evening they lose $10 gambling on the nickel slot machines.Their expenses are as follows: $$\begin{array} { l r }
\text { Airfare } & \$ 400 \
\text { Hotels } & 300 \
\text { Meals } & 180 \
\text { Forum registration } & 1,000 \
\text { Tickets to show } & 100 \
\text { Gambling loss } & 10 \
&\underline{ \$ 1,990}
\end{array}$$ Calculate the firm's deduction for attending this event.

Question

Sally and Martha are tax accountant partners operating a tax firm in San Diego.Every year, they attend the Tax Planning Forum in Las Vegas featuring nationally renowned tax experts.The Forum lasts for 2 days.One evening Sally and Martha attend a show and another evening they lose $10 gambling on the nickel slot machines.Their expenses are as follows: $$\begin{array} { l r } 
\text { Airfare } & \$ 400 \
\text { Hotels } & 300 \
\text { Meals } & 180 \
\text { Forum registration } & 1,000 \
\text { Tickets to show } & 100 \
\text { Gambling loss } & 10 \
&\underline{ \$ 1,990}
\end{array}$$ Calculate the firm's deduction for attending this event.

Quizplus · Accepted Answer

The Answer of Sally and Martha are tax accountant partners operating a tax firm in San Diego.Every year, they attend the Tax Planning Forum in Las Vegas featuring nationally renowned tax experts.The Forum lasts for 2 days.One evening Sally and Martha attend a show and another evening they lose $10 gambling on the nickel slot machines.Their expenses are as follows: $$\begin{array} { l r } 
\text { Airfare } & \$ 400 \
\text { Hotels } & 300 \
\text { Meals } & 180 \
\text { Forum registration } & 1,000 \
\text { Tickets to show } & 100 \
\text { Gambling loss } & 10 \
&\underline{ \$ 1,990}
\end{array}$$ Calculate the firm's deduction for attending this event.

Sally and Martha Are Tax Accountant Partners Operating a Tax