Sam operates a small chain of pizza outlets in Fort Collins, Colorado. In November of 2021, Sam decided to attend a two-day management training course in Los Angeles. Sam took an eight-day vacation immediately after the course. Sam reported the following expenditures from the trip: Course Tuition $ 2,725 Airfare Hotel ($180 per day) 860 1,800 840 Rental car ($84 per day) Meals in restaurants ($210 per day) 2,100 What amount of travel expenditures can Sam deduct? (Leave no answers blank. Enter zero if applicable.) $
Sam operates a small chain of pizza outlets in Fort Collins, Colorado. In November of 2021, Sam decided to attend a two-day management training course in Los Angeles. Sam took an eight-day vacation immediately after the course. Sam reported the following expenditures from the trip: Course Tuition $ 2,725 Airfare Hotel ($180 per day) 860 1,800 840 Rental car ($84 per day) Meals in restaurants ($210 per day) 2,100 What amount of travel expenditures can Sam deduct? (Leave no answers blank. Enter zero if applicable.) $
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
Problem 56P: Hassad owns a rental house on Lake Tahoe. He uses a real estate firm to screen prospective renters,...
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Transcribed Image Text:Sam operates a small chain of pizza outlets in Fort Collins, Colorado. In November of 2021, Sam decided to attend a two-day
management training course in Los Angeles. Sam took an eight-day vacation immediately after the course. Sam reported the following
expenditures from the trip:
Course Tuition
$ 2,725
Airfare
Hotel ($180 per day)
860
1,800
840
2,106
Rental car ($84 per day)
Meals in restaurants ($210 per day)
What amount of travel expenditures can Sam deduct? (Leave no answers blank. Enter zero if applicable.)
4-01
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ISBN:
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Author:
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Publisher:
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