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Category > Accounting Posted 11 May 2017 My Price 3.00

Floyd owns an antique shop

8.        LO3 Floyd owns an antique shop. During the year, he and his wife, Amanda, who works as a real estate broker, attend a 3-day antique show in Boston. The following facts are related to the trip:

 

Train per person

$110

Hotel daily rate—double occupancy*

115

Meals—$37 per day per person

37

Incidentals—$14 per day per person

14

*The hotel rate for double occupancy is $20 more than the single occupancy rate.

What amount can Floyd and Amanda deduct as travel expense? Explain.

Answers

Alpha Geek
(8)
Status NEW Posted 11 May 2017 11:05 AM My Price 3.00

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