Accounting - accounting problem solve

Feb 3rd, 2012
Studypool Tutor
Ashford University
Course: business studies
Price: $10 USD

Tutor description

Monique is a self-employed manufacturer's representative who solicits business for clients and receives a commission based on sales. She incurs the following expenditures during the current year: Item Amount Airfare and lodging while away from home overnight $4,000 Business meals while traveling at which business is discussed 1,000 Local transportation costs for automobile, parking, tolls, etc. (business related) 2,000 Commuting expenses 1,000 Local entertainment of customers 2,000 Total 10,000 Required: a. Which of the expenditures listed above (if any) are deductible by Monique? Michelle is an employee who must use her personal automobile for employment-related business trips. During the current year, Michelle drives her car 60% for business use and incurs the following total expenses (100% use of car): Michelle drives 24,000 business

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