1. Deductible transportation expenses: a.Do not include the normal costs of commuting. b.Do not include daily expenses for transportation between the taxpayer's home and temporary work locations if the taxpayer has a regular place of business. c.Include only costs incurred while away from home. d.Include meals and lodging.
1. Deductible transportation expenses: a.Do not include the normal costs of commuting. b.Do not include daily expenses for transportation between the taxpayer's home and temporary work locations if the taxpayer has a regular place of business. c.Include only costs incurred while away from home. d.Include meals and lodging.
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 30P
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1. Deductible transportation expenses:
a.Do not include the normal costs of commuting.
b.Do not include daily expenses for transportation between the taxpayer's home and temporary work locations if the taxpayer has a regular place of business.
c.Include only costs incurred while away from home.
d.Include meals and lodging.
2. Barry is a self-employed attorney who travels to New York on a business trip during 2021. Barry's expenses were as follows:
How much may Barry deduct as travel expenses for the trip?
| Airfare | $550 |
| Taxis | 40 |
| Restaurant meals | 150 |
| Lodging | 350 |
How much may Barry deduct as travel expenses for the trip?
a.$0
b.$1,015
c.$940
d.$1,090
e.None of these choices are correct.
3. Which of the following is deductible as dues, subscriptions, or publications?
a.Subscription to the "Journal of Taxation " for a tax attorney
b.Dues to a health club for a doctor
c.Dues to the drama club for a student
d.Subscription to "Vogue" magazine for a corporate president
e.None of these choices are correct.
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ISBN:
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Author:
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Publisher:
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