Kim works for a clothing manufacturer as a dress designer. During 2021, she travels to New York
Question:
Kim works for a clothing manufacturer as a dress designer. During 2021, she travels to New York City to attend five days of fashion shows and then spends three days sightseeing. Her expenses are as follows:
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Assume lodging/meals are the same amount for the business and personal portion of the trip ($130 per day for lodging and $120 per day for meals).
If an amount is zero, enter "0". If required, round all interim calculations to nearest dollar.
a. Determine Kim's business expenses, presuming no reimbursement.
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What amount may she deduct on her tax return?
( )
b. Would the tax treatment of Kim's deduction differ if she was an independent contractor?
The deductible expenses would be ( ) and the expenses would be classified as (a deduction for AGI or an itemized deduction)
