Danny Owns an Electronics Outlet in Dallas

question 115

Essay

Danny owns an electronics outlet in Dallas. This year, he paid $600 to register for a four-day course in management in Chicago. Danny paid $800 in airfare and $1,000 for five nights' lodging. After the course, Danny spent the last day sightseeing. During the trip, Danny also paid $140 a day for meals, and $80 a day for a rental car. What amount of these travel expenditures may Danny deduct as business expenses?

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Definitions:

Recall

The act of retrieving information or memories from the past, an important aspect of cognitive function.

Three-Box Model

A model of memory that suggests information is processed through three stages: sensory, short-term, and long-term memory.

Sensory Register

The component of memory that holds incoming information from the senses for a very short period of time, allowing initial processing.

Implicit Memory

A type of memory that enables us to perform tasks without conscious awareness of these previous experiences, such as riding a bike.