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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
33.  LO.1 Amos is a self-employed tax attorney. He and Monica, his employee, attend a conference in Dallas sponsored by the American Institute of CPAs. The fol-
lowing expenses are incurred during the trip:
Â
|
 |
Amos |
Monica |
|
Conference registration |
$Â Â 900 |
$900 |
|
Airfare |
1,200 |
700 |
|
Taxi fares |
100 |
–0– |
|
Lodging in Dallas |
750 |
300 |
Â
a.     Amos pays for all of these expenses. Calculate the effect of these expenses on Amos’s AGI.
b.    Would your answer to part (a) change if the American Bar Association had sponsored the conference? Explain.
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