Shelley Is Employed in Texas and Recently Attended a Two-Day $\ \text{Airfare to New Jersey}\quad\quad\quad\quad\quad\quad\quad\$2,000$

question 50

Multiple Choice

Shelley is employed in Texas and recently attended a two-day business conference in New Jersey. Shelley spent the entire time at the conference and documented her expenditures (described below) . What amount can Shelley deduct as an employee business expense? $\ \text{Airfare to New Jersey}\quad\quad\quad\quad\quad\quad\quad\$2,000$
$\ \text{Meals}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad220$
$\ \text{Lodging in New Jersey}\quad\quad\quad\quad\quad\quad\quad450$
$\ \text{Rental car}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad480$

• A) $2,850
• B) $2,740
• C) $1,850 if Shelley's AGI is $50,000
• D) All of these are deductible if Shelley is reimbursed under an accountable plan.
• E) None of the expenses are deductible - only employers can deduct travel expenses.

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Definitions:

Success

Achieving a desired outcome or reaching a predefined criterion of performance.

Random Variable

A variable whose values come from the numerical outcomes of random events.

Discrete

Referring to a type of variable that can assume distinct and separate values, often countable in nature.