Midterm Exam Question 17 Answer

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Midterm Exam Question 17

Gwen, an independent consultant, traveled to New York City on a business trip. Gwen spent 4 days in business meetings and conferences and then spent 2 days sightseeing in the area. Gwen’s plane fare for the trip was $250. Meals cost $160 per day. Hotels and other incidental expenses amounted to $250 per day. Gwen may deduct

  

  1. $0.
  2. $1,570.
  3. $1,487.
  4. $1,890.

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This question is taken from Accounting 015 – Tax Accounting I » Spring 2021 » Midterm Exam