Ernest Went to Boston to Negotiate Several New Contracts with Clients

question 96

Multiple Choice

Ernest went to Boston to negotiate several new contracts with clients. His airfare was $400 and he spent $150 per day on lodging, $40 per day on meals, and a total of $60 on cab fare.
I.If Ernest spends 2 days on business and 3 days on personal activities, he can deduct $160 of his airfare.
II.If Ernest spends 3 days on business and 2 days on personal activities, he can deduct $120 of the meal costs.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Implicit Association Test

A psychological assessment that measures the strength of associations between concepts in an individual's mind, revealing unconscious biases or preferences.

Implicit

Something that is implied or understood though not directly expressed or stated.

Cognitive System

The mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Experiential System

Refers to the cognitive processing system based on personal experiences and emotions, contrasting with analytical reasoning.