Required InformationProblem 9-47 (LO 9-2)The following information applies to the questions displayed below.Melissa recently paid $400 for round-trip airfare to San Francisco to attend a business conference for three days. Melissafor meals, and $150 for cab fare. (Leave no answers blank. Enter zero If applicable.)Problem 9-47 Part-dd. Suppose that Melissa's permanent residence and business was located in San Francisco. She attended the conference in SanFrancisco and paid $250 for the registration fee. She drove 100 miles over the course of three days and paid $90 for parking at theconference hotel. In addition, she spent $150 for breakfast and dinner over the three days of the conference. She bought breakfast onthe way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costscan Melissa deduct as business expenses? (Use standard mileage rate.) (Do not round Intermedlate calculations. Round your finalanswer to the nearest dollar amount.)394 6S304

Question
Asked Mar 16, 2019
Required Information
Problem 9-47 (LO 9-2)
The following information applies to the questions displayed below.
Melissa recently paid $400 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa
for meals, and $150 for cab fare. (Leave no answers blank. Enter zero If applicable.)
Problem 9-47 Part-d
d. Suppose that Melissa's permanent residence and business was located in San Francisco. She attended the conference in San
Francisco and paid $250 for the registration fee. She drove 100 miles over the course of three days and paid $90 for parking at the
conference hotel. In addition, she spent $150 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.) (Do not round Intermedlate calculations. Round your final
answer to the nearest dollar amount.)
394 6
S304
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Required Information Problem 9-47 (LO 9-2) The following information applies to the questions displayed below. Melissa recently paid $400 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa for meals, and $150 for cab fare. (Leave no answers blank. Enter zero If applicable.) Problem 9-47 Part-d d. Suppose that Melissa's permanent residence and business was located in San Francisco. She attended the conference in San Francisco and paid $250 for the registration fee. She drove 100 miles over the course of three days and paid $90 for parking at the conference hotel. In addition, she spent $150 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.) (Do not round Intermedlate calculations. Round your final answer to the nearest dollar amount.) 394 6 S304

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check_circleExpert Solution
Step 1

IRS on December 14th, 2018 released the new standard mileage rates for 2019.

Step 2

The new standard mileage rate for 2019 is 58 cents per mile, this has increased from 54.5 cents per mile in 2018.

Step 3

Calculate the business expe...

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