2. Time remaining 4231 You did not receive full credit for this question in a pr

Question

2.

Time remaining 4231 You did not receive full credit for this question in a previous atte Shelley Is employed in Texas and recently attended a two-day business conference in New Jersey. Shelley spent the entire time at the conference and documented her expenditures (described below, What amount can Selley deduct as an employee business expense (before considering any miscellaneous itemized deduction limitations)? Airfare to New Jersey Meals Lodging in New Jersey Rental car 2,040 224 446 84 All of the choices are deductible if Shelley is reimbursed under an accountable plan. O $1874 if Shelley's AGl is $50,000 O $2782 O None of the expenses are deductible- s2394 only employers can deduct travel expenses MacBook Ai

Explanation / Answer

Solution:-

1. $ 2,782.

Explanation:- Only half of the meals are deductible but the other expenses are fully deductible ($2,040 + $112 + $446 + $184 = $2,782). Of course, the deduction will be included with other miscellaneous itemized deductions subject to the 2% floor. The expenses are not deductible for Shelley if they are reimbursed under an accountable plan.

2.

$4,205 = 3,075 + (2 × $320) + (2 × $70) + [2 × (1/2 × $350).

The trip is primarily personal so the airfare is not deductible. Only two days cost can be deduct lodging, half the meals, and auto rental.

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