Questions from General Taxation

Q: Teresa is a civil engineer who uses her automobile for business.

Teresa is a civil engineer who uses her automobile for business. Teresa drove her automobile a total of 14,800 miles during 2016, of which 75 percent was business mileage. The actual cost of gasoline,...

Q: Art is a self-employed installer of home entertainment systems,

Art is a self-employed installer of home entertainment systems, and he drives his car frequently to installation locations. Art drove his car 15,000 miles for business purposes and 20,000 miles in tot...

Q: How much of each of the following is taxable? a

How much of each of the following is taxable? a. Cheline, an actress, received a $10,000 gift bag from the Oscars during 2016. b. Jon received a gold watch worth $660 for 25 years of service to his ac...

Q: Martha is a self-employed tax accountant who drives her car

Martha is a self-employed tax accountant who drives her car to visit clients on a regular basis. She drives her car 4,000 miles for business and 10,000 for commuting and other personal use. Assuming M...

Q: Joan is a self-employed attorney in New York City.

Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the followi...

Q: Go to the U.S. General Services Administration (GSA

Go to the U.S. General Services Administration (GSA) website. For 2016, what is the per diem rate for each of the following towns: a. Flagstaff, AZ for April and November b. Palm Springs, CA for March...

Q: Bob is a self-employed lawyer and is required to take

Bob is a self-employed lawyer and is required to take a week of continuing legal education every year to maintain his license. This year he paid $1,150 in course fees for his continuing legal educatio...

Q: Grace is a self-employed sales consultant who spends significant time

Grace is a self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following e...

Q: Marty is a sales consultant. Marty incurs the following expenses related

Marty is a sales consultant. Marty incurs the following expenses related to the entertainment of his clients in 2016: Dues to a country club ………………………………………………… $4,500 (The country club was used for...

Q: a. Loren is a secretary in a lawyer’s office. Since

a. Loren is a secretary in a lawyer’s office. Since he often deals with legal matters, Loren feels that a law degree will be beneficial to him. May Loren deduct his educational expenses for law school...