Claudia Went to the West Coast to Attend Several Meetings

question 41

Multiple Choice

Claudia went to the West Coast to attend several meetings with prospective clients for her business.She flew out on Wednesday afternoon,spent all day Thursday,Friday,Monday and Tuesday attending meetings,and then spent the rest of the week touring the area,returning home on Saturday.She spent $800 on airfare,$1,600 on hotels (10 nights at $160 per night) ,$400 for a rental car ($40 per day from Wednesday night through Saturday of the following week) ,and $300 for meals ($30 per day Thursday through the following Friday and $15 on each of her travel days) ,what is her allowable deduction for travel away from home.

• A)$1,505
• B)$1,610
• C)$2,305
• D)$2,410

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Definitions:

Long-Term Profitability

The ability of an organization to generate consistent profits over an extended period, indicating its financial health and sustainability.

Performance Based Pay

A compensation strategy that ties employee pay directly to their performance and achievements, varying with the individual's or team's achievements.

Organization Value

The core principles and beliefs that guide an organization's decisions and behavior, influencing its culture and identity.

Maximizing Contribution

Maximizing contribution involves strategies and practices designed to enhance the involvement, performance, and productivity of individuals or teams to their full potential for the benefit of the organization.