Kelly is a self employed tax attorney whose practice primarily involves tax planning. During the year she attended a 3-day seminar related to changes related to tax law. She incurred the following expenses: Lodging - $400 Meals - $95 Registration - $350 Transportation - $150 How much can Kelly deduct

Respuesta :

Answer: $947.50

Explanation:

The amount that Kelly can deduct will be calculated as:

Lodging = $400

Add: Meals at 50% = $95/2 = $47.50

Add: Registration = $350

Add: Transportation = $150

Total deductions = $947.50