subject
Business, 24.11.2021 08:40 Yalmar6874

In june 2021, enrique and denisse espinosa traveled to denver to attend a three-day conference sponsored by the american society of implant dentistry. denisse, a self-employed practicing oral surgeon, participated in scheduled technical sessions dealing with the latest developments in surgical procedures. on two days, enrique attended group meetings where various aspects of family tax planning were discussed. on the other day, he went sightseeing. enrique does not work for his wife, but he prepares their tax returns and handles the family investments. expenses incurred in connection with the conference are summarized below: Airfare (two tickets) $4,000
Lodging (single and double occupancy are the same rate—$275 each day) 825
Meals at local restaurants ($400 x 3 days)* 1200
Conference registration fee (includes $120 for Family Tax Planning sessions) 660
Car rental 295

Required:
How much, if any, of these expenses can the Espinosas deduct?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 23:30
Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?
Answers: 1
question
Business, 23.06.2019 02:50
Camping gear, inc. had 500 units of inventory on hand at the end of the year. these were recorded at a cost of $ 13 each using the lastminusin, firstminusout (lifo) method. the current replacement cost is $ 9 per unit. the selling price charged by camping gear, inc. for each finished product is $ 14. as a result of recording the adjusting entry as per the rule, the gross profit will
Answers: 2
question
Business, 23.06.2019 09:00
What is the definition of an entrepreneur
Answers: 2
question
Business, 23.06.2019 13:10
Which phase describes the income effect
Answers: 1
You know the right answer?
In june 2021, enrique and denisse espinosa traveled to denver to attend a three-day conference spons...
Questions
question
Mathematics, 26.01.2022 01:00
question
English, 26.01.2022 01:00
question
Biology, 26.01.2022 01:00
question
Mathematics, 26.01.2022 01:00
Questions on the website: 13722363