Problem 9-49 (LO 9-2) (Algo) [The following information applies to the questions displayed below.] Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Meliss also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights' lodging, $300 for meals in restaurants, and $175 for cab fare. (Do not round intermediate calculations. Round your final answers to t nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.) oblem 9-49 Part-a (Algo) What amount of these costs can Melissa deduct as business expenses? Answer is complete but not entirely correct. Deductible 2.325

Financial Accounting Intro Concepts Meth/Uses
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Chapter9: Working Capital
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Problem 9-49 (LO 9-2) (Algo)
[The following information applies to the questions displayed below.]
Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Meliss
also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights' lodging, $300
for meals in restaurants, and $175 for cab fare. (Do not round intermediate calculations. Round your final answers to t
nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.)
Problem 9-49 Part-a (Algo)
a. What amount of these costs can Melissa deduct as business expenses?
Answer is complete but not entirely correct.
Deductible
amount
Problem 9-49 (LO 9-2) (Algo)
[The following information applies to the questions displayed below.]
S
Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa
also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights' lodging, $300
for meals in restaurants, and $175 for cab fare. (Do not round intermediate calculations. Round your final answers to the
nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.)
Deductible amount
2,325
Problem 9-49 Part-b (Algo)
b. Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the
sightseeing, she paid $1,660 for transportation, $910 for lodging, and $375 for meals during this part of her trip, which she considers
personal in nature. What amount of the total costs can Melissa deduct as business expenses?
Problem 9-49 (LO 9-2) (Algo)
[The following information applies to the questions displayed below.]
Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa
also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights' lodging, $300
for meals in restaurants, and $175 for cab fare. (Do not round intermediate calculations. Round your final answers to the
nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.)
Problem 9-49 Part-c (Algo)
Deductible amount
c. Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference
as an incidental benefit of being present on the coast at that time. What amount of the airfare can Melissa deduct as a business
expense?
Problem 9-49 (LO 9-2) (Algo)
[The following information applies to the questions displayed below.]
Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa
also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights' lodging, $300
for meals in restaurants, and $175 for cab fare. (Do not round intermediate calculations. Round your final answers to the
nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.)
Problem 9-49 Part-d (Algo)
Deductible amount
d. Suppose that Melissa's permanent residence and business were located in San Francisco. She attended the conference in San
Francisco and paid $385 for the registration fee. She drove 75 miles over the course of three days and paid $170 for parking at the
conference hotel. In addition, she spent $475 for breakfast and dinner over the three days of the conference. She bought breakfast on
the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costs
can Melissa deduct as business expenses? (Use standard mileage rate.)
Transcribed Image Text:Problem 9-49 (LO 9-2) (Algo) [The following information applies to the questions displayed below.] Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Meliss also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights' lodging, $300 for meals in restaurants, and $175 for cab fare. (Do not round intermediate calculations. Round your final answers to t nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.) Problem 9-49 Part-a (Algo) a. What amount of these costs can Melissa deduct as business expenses? Answer is complete but not entirely correct. Deductible amount Problem 9-49 (LO 9-2) (Algo) [The following information applies to the questions displayed below.] S Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights' lodging, $300 for meals in restaurants, and $175 for cab fare. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.) Deductible amount 2,325 Problem 9-49 Part-b (Algo) b. Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sightseeing, she paid $1,660 for transportation, $910 for lodging, and $375 for meals during this part of her trip, which she considers personal in nature. What amount of the total costs can Melissa deduct as business expenses? Problem 9-49 (LO 9-2) (Algo) [The following information applies to the questions displayed below.] Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights' lodging, $300 for meals in restaurants, and $175 for cab fare. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.) Problem 9-49 Part-c (Algo) Deductible amount c. Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference as an incidental benefit of being present on the coast at that time. What amount of the airfare can Melissa deduct as a business expense? Problem 9-49 (LO 9-2) (Algo) [The following information applies to the questions displayed below.] Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights' lodging, $300 for meals in restaurants, and $175 for cab fare. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.) Problem 9-49 Part-d (Algo) Deductible amount d. Suppose that Melissa's permanent residence and business were located in San Francisco. She attended the conference in San Francisco and paid $385 for the registration fee. She drove 75 miles over the course of three days and paid $170 for parking at the conference hotel. In addition, she spent $475 for breakfast and dinner over the three days of the conference. She bought breakfast on the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costs can Melissa deduct as business expenses? (Use standard mileage rate.)
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