In the current year, Chastain takes a trip from Charleston, South Carolina to France primarily for business purposes. He is away from home from March 5 through March 16. He spends four days vacationing and eight days (including two travel days) conducting business. His airfare is $2,900, his meals amount to $180 per day, and lodging and incidental expenses are $420 per day. He is self-employed. In your computations, round any division to two decimal places and use rounded amounts in subsequent calculations. Chastain's deductible expenses are:Plane and taxi expenses: $ _________.Lodging and incidental expenses: $ ___________.Meals: $ _________.

Answers

Answer 1
Answer:

Answer:

Plane and taxi expenses - $1,943

Lodging and incidental expenses - $3,360

Meals expenses - $720

Explanation:

Certain business expenses are fully deductible limited to the amount used for business purpose. Some such expenses are travel expenses (air or roadways), lodging and other commutation charges. Expenses on meals are 50 percent deductible.

Chastin spends 4 days vacationing. So expenses incurred during that time are not deductible under business expenses.

He was conducting business for 8 days. Proportional amount of plane and taxi expenses will be deductible under business expenses as calculated below:

Plane and taxi expenses (Proportion for business) = 8 / 12 = 0.67

12 are total number of days for which expenses were incurred and 8 out of 12 days were for business purpose.

Deductible Plane and taxi expenses = 0.67 × 2,900 = $1,943

Lodging and incidental expenses = $420/day

Deductible lodging and incidental expenses = 420 × 8 = $3,360

Meals expenses = $180/day

Deductible meal expenses = 180 × 8 × 0.5

                                           = $720

Only 50% of meals expenses are deductible under business expenses.


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Answers

Answer: Mexico is a source of cheaper labor.

Did i help? : ) ;

Explanation:

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Answers

Answer:

Production of consumer goods will be reduced

Explanation:

A Production possibility curve depicts all the possibilities of production of two goods in an economy wherein to produce an extra unit of one good, some part of production of second good needs to be sacrificed.

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Answers

Answer:

Besause He thinks there is a difference between murdering someone is cold blood and letting someone else die by your inaction.

Final answer:

Philosopher Jan Narveson argues that we are not guilty of causing someone to die when we let them starve. He believes that our moral obligations are primarily negative, meaning that we have a duty not to harm others but not necessarily a duty to help them.

Explanation:

Philosopher Jan Narveson does not believe that we are guilty of causing someone to die when we let them starve to death. Narveson argues that we are not responsible for the harm caused by our inaction, as long as we do not interfere with others' ability to fulfill their basic needs. According to Narveson, moral obligations are primarily negative, meaning that we have a duty not to harm others but not necessarily a duty to help them.

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Answers

Answer:

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Explanation:

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Answers

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Answers

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