samples Ch09

samples Ch09 - Deductions Employee and...

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Deductions: Employee and Self-Employed-Related Expenses 9-1 CHAPTER 9 DEDUCTIONS: EMPLOYEE AND SELF-EMPLOYED-RELATED EXPENSES EXAMINATION QUESTIONS ____ 1. Self-employed individuals must use Form 2106 to report their business-related expenses. 2. Jeffrey is the city sales manager for “Rock n Roll,” a national cd and dvd franchise. Every working day, Jeffrey drives his car as follows: Miles Home to office 6 Office to Rock n Roll No. 1 22 Rock n Roll No. 1 to No. 2 14 Rock n Roll No. 2 to No. 3 11 Rock n Roll No. 3 to home 9 Jeffrey’s deductible mileage is: a. 0 miles. b. 9 miles. c. 47 miles. d. 62 miles. e. None of the above. 3. Harold is the regional manager for a national chain of auto-parts stores and is based in Durango, Colorado. When the company opens new stores in Pagosa Springs, Harold is given the task of supervising their initial operation. For three months, he works weekdays in Pagosa Springs and returns home on weekends. He spends $350 returning to Durango but would have spent $320 had he stayed in Pagosa Springs for the weekend. As to the weekend trips, how much, if any, qualifies as a deduction? a.
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samples Ch09 - Deductions Employee and...

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