Question

Melissa recently paid $625 for round-trip airfare to san francisco to attend a business conference for three days. melissa also paid the following expenses: $405 fee to register for the conference, $360 per night for three nights' lodging, $280 for meals and $240 for cab fare. note: do not round intermediate calculations. round your final answers to the nearest whole dollar amount. leave no answers blank. enter zero if applicable. d. suppose that san francisco was melissa's permanent residence and business location. she attended the conference in san francisco and paid $405 for the registration fee. she drove 117 miles over the course of three days and paid $152 for parking at the conference hotel. in addition, she spent $625 for breakfast and dinner over the three days of the conference. she bought breakfast on the way to the conference hotel, and she bought dinner on her way home each night from the conference. what amount of these costs can melissa deduct as business expenses? note: use standard mileage rate.

Answer 1

Melissa's deductible business expenses for the San Francisco conference include transportation expenses ($68.45), meals ($312.50), registration fee ($405), and parking ($152). The total deductible amount is $938.

To calculate the amount Melissa can deduct as business expenses, we need to consider the applicable expenses related to her business purpose. The deductible expenses include:

1. **Transportation Expenses:**

- The standard mileage rate for business use of a car in 2022 is 58.5 cents per mile.

- Melissa drove 117 miles over three days.

`\[ \text{Transportation Expenses} = \text{Miles Driven} * \text{Standard Mileage Rate} \]`

`\[ \text{Transportation Expenses} = 117 * 0.585 \]`

`\[ \text{Transportation Expenses} = 68.445 \]`

2. **Meals Expenses:**

- The IRS allows a deduction of 50% of meals expenses related to business.

`\[ \text{Meals Expenses} = 0.5 * (\text{Breakfast} + \text{Dinner}) \]`

`\[ \text{Meals Expenses} = 0.5 * (625) \]`

`\[ \text{Meals Expenses} = 312.5 \]`

3. **Registration Fee:**

- Melissa paid $405 for the registration fee.

4. **Parking Expenses:**

- Melissa paid $152 for parking.

Now, sum up these deductible expenses:

`\[ \text{Total Deductible Expenses} = \text{Transportation Expenses} + \text{Meals Expenses} + \text{Registration Fee} + \text{Parking Expenses} \]`

`\[ \text{Total Deductible Expenses} = 68.445 + 312.5 + 405 + 152 \]`

`\[ \text{Total Deductible Expenses} = 937.945 \]`

Rounded to the nearest whole dollar amount, Melissa can deduct $938 as business expenses related to attending the conference in San Francisco.