Danny Owns an Electronics Outlet in Dallas

question 38

Essay

Danny owns an electronics outlet in Dallas. This year, he paid $690 to register for a four-day course in management in Chicago. Danny paid $710 in airfare and $640 for five nights' lodging. After the course, Danny spent the last day sightseeing. During the trip, Danny also paid $320 a day for meals, and $260 a day for a rental car. What amount of these travel expenditures may Danny deduct as business expenses?

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Definitions:

Parenchyma Tissue

A type of plant tissue comprising living cells that are often soft and flexible, and primarily involved in photosynthesis, storage, and transport.

Meristematic Tissue

Plant tissue consisting of undifferentiated cells capable of continuous division, responsible for growth and regeneration.

Sclerenchyma

Cells that provide strength and support in the plant body, are often dead at maturity, and have extremely thick walls; includes fibers and sclereids.

Phloem

The vascular tissue in plants that conducts sugars and other metabolic products downward from the leaves.