Richard,a Self-Employed Business Consultant,traveled from New Orleans to New York

question 5

Essay

Richard,a self-employed business consultant,traveled from New Orleans to New York for both business and vacation.He spent 4 days conducting business and some days vacationing.He incurred the following expenses:
Airfare $460
Lodging-per day 175
Meals-per day 100
Business Entertainment 800
What is his deduction under the following two circumstances?
a.He spends three days on vacation,in addition to the business days.
b.He spends six days on vacation,in addition to the business days.

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Definitions:

Tender Of Payment

Offering of money or payment as satisfaction of a debt or obligation.

Reject

To refuse to accept, submit to, believe, or make use of something.

Required Amount

The specific quantity of something needed or mandated by regulations or agreements.

Breached The Contract

Occurs when one party fails to fulfill their obligations under a contract.