Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the following expenses: Airfare to and from San Diego $ 975 Hotel charges while on business 300 Meals while on business 280 Car rental while on business 90 Hotel charges while on vacation 420 Meals while on vacation 308 Car rental while on vacation 180 Total $2,553

Answers

Answer 1

Answer:

$1,505

Explanation:

Calculation for Joan's travel expense deduction for the trip

Travel expense deduction= $975 (flight) + $300 (business hotel) + $140 (business meals $280 x 50%) + $90(business car)

Travel expense deduction=$1,505

Therefore Joan's travel expense deduction for the trip will be $1,505


Related Questions

A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,832 representing a loss of $3,248. Determine the amount that would appear in the operating activities section of the statement of cash flows based on this transaction.

Answers

In the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income.

In the indirect method of preparing the statement of cash flows, the operating activities section includes adjustments to net income for non-cash items and changes in working capital. The sale of a fixed asset and the loss incurred from it are both non-cash items that need to be considered.

Since the loss from the sale of the fixed asset is $3,248, this loss is added back to the net income when calculating the operating activities section. This is because the loss is a non-cash expense and does not represent an actual outflow of cash.

Therefore, in the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income. This adjustment would increase the net income by $3,248 in the operating activities section, reflecting that the loss from the sale of the fixed asset does not affect the cash generated or used by the operating activities of the corporation.

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'Teaching profession is an important profession of nation' Justify this statement.​

Answers

Answer:

A teacher plays a role of a mentor as well as of a facilitator.

Explanation:

Teachers instill knowledge and skills in our youngsters of the nation. They are the nation builders. The state of teaching is stronger because teachers everywhere are leading from their classrooms and taking over new roles to enhance education for teenagers.

A teacher plays a role of a mentor as well as of a facilitator.

Which of the following is NOT included on a cash flow statement?
a. collections from customers
b. payments to suppliers
c. cash tax payments
d. existing fixed assets such as machinery

Answers

Payments to suppliers

Alice isn't sure which labor rate to use for employees in her project budget. Which employee labor rate should you tell her to use

Answers

Burden rates are a method of accounting for labor costs on your project. Essentially, each employee costs you a specific amount to have at your organization, and that cost is measured on your projects when they work on them.

How do you calculate labor costs?

Add the whole cost of what an employee spends to manufacture a product or provide a service. Their earnings, taxes, and benefits are all included. Then divide that figure by the number of hours worked by the employee.

Labor cost percentages range from 20 to 35 percent of gross sales on average. Appropriate percentages differ depending on the industry. A service company may have an employee percentage of 50% or higher, but a manufacturer must normally maintain the figure of around 30%.

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Compute the price of an American call option with strike K = 110 and maturity T = .25 years. See 1. American Put Option excel sheet - A 15-period binomial model The price of the American call option = 2.604

Answers

The strike of k is 15 which means that it was very dangerous and the a= 15(6)/5^2

On a recent job repairing a small boat engine, Marine Repairs Company worked 21 hours and used parts with a cost of $1,500. Marine
Repairs Company charges $80 per hour of labor and has a material loading charge of 60%.
Calculate the total bill for repairing the small boat engine.

Answers

The total bill for repairing the boat in question based on the hours worked and the materials is $4,080.

To calculate the total bill for the repairs, the formula is:

= Labor cost + Material cost + Material loading coast

Solving would be:

= (21 hours x 80) + 1,500 + (1,500 x 60%)

= 1,680 + 1,500 + 900

= $4,080

In conclusion, the total bill is $4,080.

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A source document should always do which of the following?

A. Be printed on paper
B. Record the date of the transaction
C. Bear an authorized
D. Include a number that can be used for recording

Answers

Answer:

Record the date of transaction

Explanation:

a document that tracks a company's income and expenses is referred to as

Answers

Answer:

a financial statement

Explanation:

Financial statements are a direct product of accounting reporting systems that, in their essence and purpose, reflect performance, ie. performance of the company for a certain period of time, its financial and structural position, as well as the position of liquidity on the selected balance sheet date.

The main purpose of their compilation is reflected in the information service of various interest groups that rely on them in the process of making important decisions, often as the only available source of information. As such, they are prepared and presented at the end of the business year, with the possibility of semi-annual or quarterly reports.

What could be driving the tremendous growth in Salesforce.com’s stock price and revenue? and Why do you think investors put such a high premium on Salesforce.com’s stock?

Answers

Salesforce's fourth quarter of fiscal 2023, which concluded on January 31, saw a 14% year-over-year increase in revenue to $8.4 billion. Wall Street forecasts projected for $8 billion in revenue, thus this exceeded their projections.

Why investors put such a high premium on Salesforce.com’s stock?

Shares of Salesforce (CRM) are soaring after the software giant reported profits that above analyst expectations, provided a more optimistic outlook, and announced intentions to increase stock buybacks in response to pressure from activist investors. Salesforce's $8.4 billion in revenue increased by 14%, above the predicted 9.2% rise. The yearly revenue for Salesforce in 2023 was $31.352 billion, an increase of 18.35% over 2022.

Salesforce's yearly sales in 2022 increased by 24.66% from 2021 to $26.492 billion. A 24.3% rise from 2020, Salesforce's yearly revenue in 2021 was $21.252 billion. According to valuation criteria, Salesforce Inc. can be overpriced. It would not be a good choice for value investors, according to its Value Score of D. CRM's financial stability and expansion prospects show that company has the potential to perform worse than the market.

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What is the meaning of this question

Answers

Answer:

You either want someone to get points or there is no meaning to the quesiton

Explanation:

ummm... common sense :)

Which of the following sections of a business plan comes first but should be written last?
A. Goals and Strategy
B. Executive Summary
C. Products and Services
D. Funding Request
Please select the best answer from the choices provided

Answers

Answer:

its B

Explanation:

Answer:

B, executive summary

Explanation:

yes or no. Is the Broker website powered by MLS data?

Answers

N/A MLSs are private databases that are created, maintained and paid for by real estate professionals to help their clients buy and sell property.

Consider the following payoff matrix for a game in which two firms attempt to collude under the Bertrand model:

Firm B cuts Firm B colludes
Firm A cuts 6,6 24,8
Firm A colludes 8,24 12,12

Here, the possible options are to retain the collusive price​(collude) or to lower the price in attempt to increase the​ firm's market share​ (cut). The payoffs are stated in terms of millions of dollars of profits earned per year. What is the Nash equilibrium for this​ game?

a. Both firms cut prices.
b. Both firms collude.
c. B cuts and A colludes.
d. A cuts and B colludes.

Answers

Answer:

A

Explanation:

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing.

Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

For either firm, the payoff of cutting price is either 6 or 24

For either firm, the payoff of colluding is either 8 or 12

the dominant strategy for both firms is to cut price because it is the best option regardless of what the other firm does as it yields the highest payoffs.

Thus, the Nash equilibrium is to cut price

Why is it risky for a bank to make a loan?

Answers

because u no pay bank no money
When handling our money, the three largest risks banks take are credit risk, market risk and operational risk. People and companies who fail to pay back their debts pose the largest risk to banks. When lending money to someone, there’s always a chance they won’t pay you back. This is credit risk.

A truck acquired at a cost of $195,000 has an estimated residual value of $10,200, has an estimated useful life of 56,000 miles, and was driven 5,000 miles during the year. Determine the following:

a. The depreciable cost $___________
b. The depreciation rate $__________ per mile
c. The units-of-activity depreciation for the year $__________

Answers

Answer:

a. $184,800

b. 3.3 per miles

c. 16,500

Explanation:

(a) Calculation to determine The depreciable cost

Depreciable cost =Cost - estimated residual value

Depreciable cost=$195,000- $10,200

Depreciable cost=$184,800

(b) Calculation to determine The depreciation rate

Depreciation rate = $184,800/useful life 56,000 miles

Depreciation rate =3.3per mile

(c) Calculation to determine The units-of-activity depreciation for the year

Units-of-activity depreciation =3.3per mile*5,000 miles

Units-of-activity depreciation=16,500

Therefore The units-of-activity depreciation for the year is 16,500

Your brother-in-law has a coin collection. Today, two of his coins are each valued at $250. One coin is expected to increase in value by 6 percent annually while the other coin is expected to increase in value by 4.5 percent annually. If the estimated increases in value turn out to be accurate, what will be the difference in the value of the two coins 15 years from now?

a. $115.32
b. $205.94
c. $241.79
d. $252.64
e. $280.15

Answers

Answer:

a. $115.32

Explanation:

the first coin will be worth:

future value = present value x (1 + interest rate)ⁿ = $250 x 1.06¹⁵ = $599.14

the second coin will be worth:

future value = present value x (1 + interest rate)ⁿ = $250 x 1.045¹⁵ = $483.82

the difference in value = $599.14 - $483.82 = $115.32

Discuss two social factors that may contribute unemployment in South Africa amongst the youth

Answers

The two social factors that may contribute to unemployment in South Africa amongst the youth are:

IlliteracyLack of productivity

What is Unemployment?

This refers to the process of not being employed and being out of work either through not being qualified or considered surplus to requirements.

With this in mind, we can see that the low education levels which is essentially illiteracy or semi literacy is one of the biggest factors in youth unemployment in South Africa and also the lack of productivity.

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Which factor would credit card companies most likely use to determine an
applicant's creditworthiness?

A. Hourly wages

B. Languages spoken

C. Political party

D. Size of family

Answers

A factor that credit card companies would most likely use to determine an applicant's creditworthiness is Hourly wages.

Credit card issue

When you apply for a credit card, you’re required to share an array of personal information on your application. This will include details like your name, address, Social Security number and current employment status. You’ll also be asked to list your income on your application, although the type of income card issuers ask for can vary depending on the card issuer.

Determination of hourly wages

Not all credit card issuers will ask for your annual net income. Some may explicitly ask for your gross income. If you are paid an hourly wage, on the other hand, you may need to figure out your gross income using last year’s tax return or by multiplying your gross weekly income by the number of weeks you work within a year.

Thus, A factor that credit card companies would most likely use to determine an applicant's creditworthiness is Hourly wages.

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A DEATH BENEFIT THAT ADJUSTS PERIODICALLY AND IS WRITTEN FOR A SPECIFIC PERIOD OF TIME

Answers

Answer:

Image result for A DEATH BENEFIT THAT ADJUSTS PERIODICALLY AND IS WRITTEN FOR A SPECIFIC PERIOD OF TIME

Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during a specified term. Term life premiums are based on a person's age, health, and life expectancy.

Explanation:

Does anyone know how to do this worksheet? I’m very confused.

Does anyone know how to do this worksheet? Im very confused.

Answers

Answer: Look up the definitions.

Explanation:

I know this isn’t very helpful but knowing what the definitions of the words will help a LOT.

Also, does anyone have an answer to Why did the history of digital animation begin in 1946?

2. You are an adult employed in your favorite career. You earn $9.10 per
hour. Every hour over 40 per week you earn 1.5 times your current rate.
Based on the schedule listed below, how much money did you earn last
week.

Answers

Assuming you worked 50 hours last week, the total amount of money that you earned based on the work rate described above, is $825.

When you work for 40 hours in a week, you are normally paid $15 for each of those hours. This means that out of the 50 hours you worked, the normal salary you made was:

= Number of hours in week x Amount per hour  

= 40 x 15  

= $600

The total amount of hours you worked over 40 was:  

= 50 - 40  

= 10 hours

For these 10 hours, you are paid 1.5 your normal rate of $15 per hour which means that you made:  

= 10 x 15 x 1.5  

= $225

The total you made was therefore:  

= Normal salary x Amount earned for working over 40 hours  

= 600 + 225

= $825

In conclusion, you earned $825 last week.

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The calculation of the payback period for an investment when net cash flow is even (equal) is:

Answers

Answer:cost of investment/annual net cash flow

Explanation:

The Payback period states the period within which the investment funds are recoupened. The even net cash flow shows that the cash inflows are positive than cash outflows.  

The computation of the payback period when the company experiences an even net cash flow would be:

\(P=\frac{I}{n}\)

Here, P is the payback period, I is the initial investment and n is net cash flow in each period.   Therefore, the payback period will be equal to the initial investment divided by net cash flow per period.

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Rohan wants to buy part of a company, and is interested in stocks. He knows that his favorite company, Apple, is traded on the stock market. Can he purchase stock in the company?

Answers

Answer:

Yes, he can buy stock in Apple.

Explanation:

Employee centered leader

Answers

Answer:

Employee centered leader behavior occurs when the leader is interested in developing a cohesive work group and in ensuring employees are satisfied with their jobs.

Answer:

employee centered leader behaviour occurs when the leader is interested in developing a cohesive work group and in ensuring employees are satisfied with their jobs

Explanation:

these tow styles of leader behaviour are believed to lie at the ends of a single continuum

Denise has $13,424 in a savings account with the District 113 Teacher's Credit Union. While economic conditions have caused the credit union to struggle financially, Denise need not worry because her deposits are insured by the:

Answers

Answer:

Explanation:

$120= the amount to pay for the shoe

$20 paid for the month

Balance to pay = $100

Then 3% interest rate on credit card = 3% of $100=$3

Therefore amount to pay = $3+$100=$103

Question 9 of 10
Governments can cause the supply of a good to decrease by:
OA. funding training related to making the good.
B. investing in new technology to produce the good.
C. reducing the taxes paid to make the good.
D. adding expensive regulations on the good.
SUBI

Answers

Answer:

D

Explanation:

hope this helps I'm not sure if it's correct

MORTON COMPANY TRANSFER PRICING

The Cycle Division of Morton Company has the following per unit data related to its most recent cycle called Roadbuster.

Cycle Division -Morton Bodyframe Division
Selling price $2.000 Selling price $360
Variable cost of goods sold $1.200 Variable cost $250
Body frame 300
Other variable costs 900 Contribution margin
Contribution margin $800

Presently, the Cycle Division buys its body frames from an outside supplier. However Morton has another division, BodyFrame, that makes body frames for other cycle companies.
The Cycle Division believes that BodyFrame’s product is suitable for its new Road- buster cycle. Presently, BodyFrame sells its frames for $360 per frame.
The variable cost for BodyFrame is $250. The Cycle Division is willing to pay $280 to purchase the frames from BodyFrame.

(A) Assume that BodyFrame does not have excess capacity and therefore would lose sales if the frames were sold to the Cycle Division. If the Cycle Division buys 1,000 frames from BodyFrame, determine the following: (1) effect on the income of the Cycle Division; (2) effect on the income of BodyFrame; and (3) effect on the income of Morton.

Answers

the effect on the income of Cycle Division is $650,000 increase, the effect on the income of BodyFrame is $80,000 decrease, and the effect on the income of Morton is $570,000 increase.

The effect on the income of Cycle Division, BodyFrame, and Morton can be determined by using the transfer pricing method. There are two types of transfer pricing methods, which are:

1. Market-based transfer pricing

2. Cost-based transfer pricingIn this case, the cost-based transfer pricing method will be used. The transfer price will be set as per the cost incurred by the seller and then the buyer will pay the transfer price for the product purchased.

(1) Effect on the income of Cycle Division:Calculation of contribution margin if the Cycle Division buys from BodyFrame:Selling price - Variable cost of goods sold

per unit= $2000 - $250 = $1750Contribution margin per unit = $1750 - $300 = $1450

Contribution margin if the Cycle Division buys 1,000 frames from BodyFrame = 1,000 × $1450 = $1,450,000

Contribution margin if the Cycle Division continues to buy from the outside supplier = 1000 × $800 = $800,000Effect on the income of Cycle Division = $1,450,000 - $800,000 = $650,000 (increase)

(2) Effect on the income of BodyFrame: The BodyFrame division will sell 1000 frames to the Cycle Division. The selling price of the frames to the Cycle Division is $280 per frame.

Variable cost of the frames sold to the Cycle Division = $250 per frame. Contribution margin per frame = Selling price - Variable cost per unit= $280 - $250 = $30Contribution margin if the BodyFrame division sells 1000 frames to the

Cycle Division = 1000 × $30 = $30,000.Contribution margin if BodyFrame sells the 1000 frames to external customers = 1000 × ($360 - $250) = $110,000Effect on the income of BodyFrame = $30,000 - $110,000 = -$80,000 (Decrease)(3) Effect on the income of Morton:The effect on the income of Morton is the sum of the effect on the income of Cycle Division and the effect on the income of BodyFrame.

Effect on the income of Morton = $650,000 + (-$80,000) = $570,000 (increase)Thus, the effect on the income of Cycle Division is $650,000 increase, the effect on the income of BodyFrame is $80,000 decrease, and the effect on the income of Morton is $570,000 increase.

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conservatives have decided that it is vital importance to the national interest to ban abortion and limit contraception what are the economic implications of such policy,if adopted, affect the conservative goal of “smaller” government?

Answers

The economic implication is that there would be the difficulty in controlling fertility by women and it would lead to a rise in child birth.

What is the conservative stance on fertility?

The conservatives are of the opinion that the government has to place certain laws that would help to regulate the ways and the options that women have that has to do with the decisions to have babies in the nation.

The conservatives are the ones that are opposed to the liberals who have a different idea on the issues that have to do with childbirth in the nation by the women.

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An example of secured credit is a

A. payday loan.
B. credit card.
C. mortgage.
D. medical bill.

Answers

Answer:.

C. mortgage

Explanation:

Mortgage Secured loans are protected by an asset of collateral of some sort. So the answer would be mortgage because the finance company will hold the deed until the loan is paid in full including interest.

An example of secured credit from the options provided is mortgage.

What is secured credit?

Secured credit is a line of credit that is backed up by an asset. In the case that the borrower defaults, the asset used to back up the credit can be possessed by the lender.

On the other hand, unsecured credit is a line of credit that is not backed up by any asset. An example is a credit card.

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Pauley Company needs to determine a markup for a new product. Pauley expects to sell 15,000 units and wants a target profit of $22 per unit. Additional information is as follows:

Variable product cost per unit $19
Variable administrative cost per unit 11
Total fixed overhead 13,500
Total fixed administrative 21,000

Using the variable cost method, what markup percentage to variable cost should be used?

Answers

Answer:

81%

Explanation:

Calculation for the markup percentage to variable cost that should be used

Using this formula

Markup percentage=[(Target profit + Fixed overhead costs + Fixed administrative costs) / Total variable costs

Let plug in the formula

Markup percentage=[($22*15,000 units)+$13,500+$21,000]/$30×15,000)

Markup percentage=($330,000+$13,500+$21,000)/$450,000

Markup percentage=$364,500/$450,000

Markup percentage=0.81*100

Markup percentage=81%

Calculation for Total variable costs

Variable product cost per unit $19

Variable administrative cost per unit $11

Total variable costs =$30

Therefore the markup percentage to variable cost that should be used will be 81%

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. 2, 3. The following represent a triangular CT signal: |t| x(t) -{- |t| a 3 0 otherwise What is the value of a? Determine the periodicity of the following: x(t) = 4 sin 7t Determine the even part and the odd art of the following x(t) = 4+et = when columbus first arrived in the new world, he believed he was in Monkeys pawMr. White's first wish is for 200 pounds. How is his wish granted? A.It is not granted. That is why Mr. White makes 2 more wishesB.Mr. White's son Herbert dies at work, and the money is compensation from his son'swork for his untimely death.C.The money drops out of the sky just as Herbert had predictedD.Mr. White gains 200 pounds instead of getting the money Read the paragraph and choose a sentence that describes it best. Im particularly excited to share some of the very early notions and sketches from when we were exploring what a new Star Wars destination should feel like, adds Trowbridge. Creating a never-before-seen place that simultaneously felt like the perfect stepping off point for adventure, that felt authentically Star Wars, and, that we could actually build in THIS galaxy was a challenging exploration with a huge obligation to get it right. a) Creating a new image for Star Wars series was the most important part of the whole process. b) It was important to create new things that felt authentic to the franchise. c) The sketches and notions are an essential part of creating a new image for the franchise. d) The fact the creating a new image for Star Wars franchise was difficult and entertaining at the same time is the best What mass of Fe and CO could be formed by the reaction of 0.22 mol of FeO with 5.5 mol of CO?This question also has a drop-down box for both Fe and CO2 for their answer choices:Fe:-25g Fe-68g Fe-12g Fe-49g Fe-210g FeCO2:-240g CO2-29g CO2-15g CO2-81g CO2-58g CO2 A 36.3 kg cart has a velocity of 3 m/s. How much kinetic energy does the object have? Brant promised to repair Carolyn's car on Thursday. After picking up the necessary part at a junkyard, he discovered he could not do the job after all and that the junkyard would not buy back the part. Carolyn does not know about these developments. However, she thinks Brant will be finished with her car sometime today. What should Brant do During Reconstruction, the Wade-Davis Bill stated that Southern states could reenter the Union after 21. What is the frequency, given 2-3 x 10m? Show all work Countries from which continent colonized most of Africa?A. Europe B. South AmericaC. Australia D. Asia Jessie bought some pizzas and burgers. 3/4 of the food bought were burgers. Jessie bought 18 burgers. How many pizzas and burgers did Jessie buy altogether? when taking a patient's pulse you should take it for can anyone help im stuck on this question? In solar power plants the solar heat is transferredbySelect one:a. water steamb. liquid metalsc. all of the mentionedd. none of the mentionede. molten salt Three wooden cube blocks each have a side length of 6cm. What is the combined volume of the three wooden blocks in cm? Which expression has a positive value?O (-5)(-9)O 2-4O 12+(-4)O-3+(-7) Most highly intelligent mammals areA. whalesB. dolphinsC. elephantsD. elephants What is the function of an economic system?a. to make sure all people have equal access to goodsb. to produce and distribute goods and servicesc. to give all producers the same access to consumersd. to make sure people are paid for their labor two 0.85-m-long pendulum hang side by side. the masses of the pendulum bobs are 75 g and 95 g. the lighter bob is pulled aside until its string is horizontal and is then released from rest. it swings down and collides elastically with the other bob at the bottom of its arc. to what height does each bob rebound? A coin is tossed 5 times find the probability that none are head