Byron is a certified public accountant who is self-employed. He is required to make a 5-day business trip to Salt Lake City for an audit. Since he is going to be in Utah, Byron decides to stay for the weekend and go skiing. His expenses for the trip are as follows: Airfare to Salt Lake City and return $ 480 Hotel while on the audit (5 nights at $165 per night) 825 Deductible portion of meals while on the audit 168 Laundry in Salt Lake City 22 Taxi fares in Salt Lake City 72 Transportation from Salt Lake City to and from Park City ski resort 100 Lodging at Park City ski resort 380 Lift tickets 99 Ski rental 89 Meals at Park City 182 Total $2,417 If Byron has proper records to substantiate the above expenses, how much may he deduct as travel expenses for the 7-day trip?

Byron is a certified public accountant who is self-employed. He is required to make a 5-day business trip to Salt Lake City for an audit. Since he is going to be in Utah, Byron decides to stay for the weekend and go skiing. His expenses for the trip are as follows: Airfare to Salt Lake City and return $ 480 Hotel while on the audit (5 nights at $165 per night) 825 Deductible portion of meals while on the audit 168 Laundry in Salt Lake City 22 Taxi fares in Salt Lake City 72 Transportation from Salt Lake City to and from Park City ski resort 100 Lodging at Park City ski resort 380 Lift tickets 99 Ski rental 89 Meals at Park City 182 Total $2,417 If Byron has proper records to substantiate the above expenses, how much may he deduct as travel expenses for the 7-day trip?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 22P

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