Monica travels from her office in Boston to Lisbon, Portugal, onbusiness. Her ab

Question

Monica travels from her office in Boston to Lisbon, Portugal, onbusiness. Her absence of 13 days was spent as follows:

Thursday                                           Departfor and arrive at Lisbon

Friday                                                       Businesstransacted

Saturday andSunday                      Vacationing            

Monday through Friday                       Businesstransacted

Saturday and Sunday                        Vacationing

Monday                                             Business transacted

Tuesday                                            Depart Lisbon and return to office inBoston           

a.     For tax purposes, how many days hasMonica spent on business?

b.     What difference does it make?

c.      Could Monica have spent more timethan she did vacationing on the trip without loss of existing taxbenefits? Explain.

Explanation / Answer

Question 1). Answer :- Monica has spent 13 days on business.

Question 2). Answer :- Travel expenses such as fare of airplane (aeroplane), lodging cost, taxi fare for reaching to airport etc. are deductible for the tax purpose.

Question 3). Answer :- Yes, Monica can spent more time vacationing on trip without loosing existing tax benefits.

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