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Calculating Travel Deductions

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Norman traveled to San Francisco for four days on vacation, and while there spent another two days conducting business for his employer. Norman's plane fare for the trip was $500; meals cost $150 per day; hotels cost $300 per day; and a rental car cost $150 per day that was used for all six days. Norman was not reimbursed by his employer for any expenses. Norman's AGI for the year is $40,000 and he did not have any other miscellaneous itemized deductions. Norman may deduct (after limitations):

A. $250.
B. $800.
C. $1,050.
D. $1,200.

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Solution Summary

This solution provides the correct answer with explanation to the travel deduction tax question presented. The amount that Norman may deduct after tax limitations is calculated, and the applicable income tax law is cited.

Solution Preview

We can calculate this scenario as follows:

Meals: $150 x 2 = 300 - .50 = $150
Hotel: 300 x 2 days business = 600
Rental ...

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