Problem 9-26 (Algorithmic) (LO. 1, 3, 5)

Kim works for a clothing manufacturer as a dress designer. During 2020, she travels to New York City to attend five days of fashion shows and then spends three days sightseeing. Her expenses are as follows:

Airfare $1,300 Lodging (8 nights) 1,690 Meals (8 days) 1,560 Airport transportation 65

Assume lodging/meals are the same amount for the business and personal portion of the trip ($211 per day for lodging and $195 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.

Airfare $fill in the blank 8bac80fb801f025_1 Lodging fill in the blank 8bac80fb801f025_2 Meals fill in the blank 8bac80fb801f025_3 Transportation fill in the blank 8bac80fb801f025_4 Total $fill in the blank 8bac80fb801f025_5

What amount may she deduct on her tax return? $fill in the blank 8bac80fb801f025_6

b. Would the tax treatment of Kim's deduction differ if she was an independent contractor? The deductible expenses would be $fill in the blank 032914f8d00dfa4_1 and the expenses would be classified as a deduction for AGI .