chpt 9 HW solutions

chpt 9 HW solutions - Individual Tax Accounting 2011...

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Individual Tax Accounting – 2011 edition Chapter 9 Homework Solutions 31. a. 50 work weeks × 5 days = 250 days × 15 miles = 3,750 miles. The deduction allowed is determined by the distance between the two jobs. The fact that Emma might return home before going to the second job is immaterial. Example 5 b. Since Emma is not in travel status or business entertainment is not involved, the cost of meals is a nondeductible personal expense. p. 9-8 39. a. Thirteen days. Since travel days count as business, and weekends count as business when preceding and succeeding days are business days, all of her absence is regarded as business. b. If Monica does not satisfy the 7-days or less-than-25% tests, then part of her transportation cost is not deductible. c. Monica cannot satisfy the 7-days test because she was away from home for more than 7 days. Under the less-than-25% test and not counting partial days, she could have vacationed for three more days assuming the days did not interfere with the
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This note was uploaded on 12/22/2010 for the course BUSACC 1242 taught by Professor Staff during the Spring '10 term at Pittsburgh.

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chpt 9 HW solutions - Individual Tax Accounting 2011...

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