Answers
Taxpayer can deduct cost associated with their business. Expenses associated with travel out of your home city or country is treated as deductible expenses, but travel with in the City is not deducted from the tax payment. Here Ricki can claim against Airfare to a business seminar but parking at heru office is not tax deductable. In 2018 Ricky drove 5,800 miles to visit clients and top miles to attend business related seminars.So 6,300 tax deductable miles which equals $ 3,433.5 deduction from the tax base.
In 2018 the IRS set the rate at 54.5 Cents for every mile of business travel. So (6,300*54.5% = 3433.5) .Richi can claim $ 420 for Airfare to another business seminar travel.
So, the total tax deduction with related to Rochi travel in 2018 are ; = $3853.5
*** ($3433.5+$420 = $3853.5)
.Similar Solved Questions
1 answer
Coronado Company reports the following costs and expenses in May. Factory utilities $17,000 Direct labor $70,400...
Coronado Company reports the following costs and expenses in May. Factory utilities $17,000 Direct labor $70,400 Depreciation on factory equipment 13,550 Sales salaries 50,700 Depreciation on delivery trucks 4,300 Property taxes on factory building 3,200 Indirect factory labor 53,...
1 answer
A local politician claims that more than 65% of residents favor granting police additional powers to...
A local politician claims that more than 65% of residents favor granting police additional powers to tap phones. A sample of 560 residents resulted in 392 that favor giving police additional powers to tap phones. Conduct a hypothesis test using a 5% significance level to see if there is enough evide...
1 answer
1.Which of the following is true about "management by exception"? It requires managers to investigate all...
1.Which of the following is true about "management by exception"? It requires managers to investigate all favorable and unfavorable variances. It requires the use of variance analysis. It rarely requires the use of variance analysis. It requires managers to calculate standard costs, but igno...
1 answer
The price-demand equation for gasoline is 0.6x + 2p = 85 where p is the price...
The price-demand equation for gasoline is 0.6x + 2p = 85 where p is the price per gallon in dollars and x is the daily demand measured in millions of gallons. A) Write the demand x as a function of price. x = Preview B) What is the demand if the price is $5 per gallon? x = millions of gallons Previe...
1 answer
Laporte Engineering Company leased a machine on January 1, 2017, under a contract calling for four...
Laporte Engineering Company leased a machine on January 1, 2017, under a contract calling for four annual payments of $150,000 on December 31, 2017 through 2020. The machine becomes the property of the lessee after the fourth payment. The machine was predicted to have a service life of six years and...
1 answer
Submit Previous Answers Determine the equivalent state of stress which represents the principal stress, and the...
Submit Previous Answers Determine the equivalent state of stress which represents the principal stress, and the maximum in- plane shear stress and the associated average normal stress. For each case, determine the corresponding orientation of the element with respect to the element shown in the figu...
1 answer
1.What is a consensus sequence, and how is this used to initiate the processes of DNA...
1.What is a consensus sequence, and how is this used to initiate the processes of DNA replication, transcription and translation? 2.Outline several mechanisms by which DNA or RNA (especially mRNA) can be protected from degradation and have “extended life”....
1 answer
On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from Builders, Inc. The lease agreement calls...
On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from Builders, Inc. The lease agreement calls for Georgia- Atlantic to make semiannual lease payments of $468,683 over a 5-year lease term (also the asset's useful life), payable each June 30 and December 31, with the first paym...
1 answer
Physics
The maximum gauge pressure in a hydraulic lift is 15.0atm .What is the largest size vehicle (kg) it can lift if the diameter of the output line is 30.1cm ?...
1 answer
Question 11 3 pts Case study matching question: Tanya is a 24-year-old single female who presented...
Question 11 3 pts Case study matching question: Tanya is a 24-year-old single female who presented at her HMO with complaints of a smelly, yellow vaginal discharge and slight dysuria for one week. She denies vulvar itching, pelvic pain, or fever. She has had 2 sex partners over the past 6 months-did...
2 answers
A driveway is 162 feet long, 12 feet wide, and 6 inches deep
a driveway is 162 feet long, 12 feet wide, and 6 inches deep. how may cubic yards of concrete will be required to lay the driveway? and pease explain answer...
1 answer
Refer to the figure below. MC c PRICE ATC z Y х MR NO P QUANTITY...
Refer to the figure below. MC c PRICE ATC z Y х MR NO P QUANTITY What area measures the monopolist's profit? O (B-Z) O (C – X) x N O (B-Y) x 0 O 0.5[(B-Z) (P-N)]...
1 answer
1. Liv Enterprises is considering a national launch of 2 corn chip products under project A...
1. Liv Enterprises is considering a national launch of 2 corn chip products under project A and B. The national launch will require the following investments: Additional manufacturing equipment; Project A: K900,000.00 and Project B: K1,000,000.00 Upgrading existing facilities; Project A: K100,000.00...
1 answer
A 3.0 cm tall statue is 48.0 cm in front of a biconvex lens (focal length...
A 3.0 cm tall statue is 48.0 cm in front of a biconvex lens (focal length 20. cm). (a) Is the image real or virtual? (b) How far is the image from the lens? (c) Is the image upright or inverted? (d) How high is the image?...
1 answer
Windsor Company has been operating for several years, and on December 31, 2019, presented the following...
Windsor Company has been operating for several years, and on December 31, 2019, presented the following balance sheet. Cash Receivables Inventory Plant assets (net) WINDSOR COMPANY BALANCE SHEET DECEMBER 31, 2019 $41,400 Accounts payable 68,900 Mortgage payable 102,500 Common stock ($1 par) 220,000 ...
1 answer
Please we need answer for quetion NO 2 Please send the written answer on the computer...
please we need answer for quetion NO 2 Please send the written answer on the computer and not by hand HAIER's foray into International Markets: In the late 1990s, the Haier group (Haier) was the leader in the Chinese consumer appliances market (with a 39.7%, 50% and 37.1% market share in ...
1 answer
10. (8 points) Shown below is a reaction in which acetonitrile reacts with Hz to form...
10. (8 points) Shown below is a reaction in which acetonitrile reacts with Hz to form an amine, EN + H2 + CNH, a. (1 point) What is the oxidation number of the carbon indicated by the arrow in acetonitrile (in the reactant)? b. (1 point) What is the oxidation number of the carbon indicated by the ar...