Individual Income Taxes
43rd Edition
ISBN: 9780357109731
Author: Hoffman
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 9, Problem 34P
Monica, a self-employed taxpayer, travels from her office in Boston to Lisbon, Portugal, on business. Her absence of 13 days was spent as follows:
- a. For tax purposes, how many days has Monica spent on business?
- b. What difference does it make?
- c. Could Monica have spent more time than she did vacationing on the trip without loss of existing tax benefits? Explain.
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Which one of the following conditions must be satisfied in order for a married taxpayer to be taxed on only his income if he resides in a community property state?
a.The husband and wife must live apart for the entire year.
b.The husband and wife must live apart for more than half the year.
c.The husband and wife must be in the process of filing for a divorce.
d.Only one of the spouses can be working and earning an income.
e.None of these choices are correct.
(LO.3 Federal Taxation) Monica, a self-employed taxpayer, travels from her office in Boston to Lisbon, Portugal, on business. Her absence of 13 days was spent as follows:
Thursday Depart for and arrive at Lisbon
Friday Business transacted
Saturday and Sunday Vacationing
Monday through Friday Business transacted
Saturday and Sunday Vacationing
Monday Business transacted
Tuesday Depart Lisbon and return to office in Boston
For tax purposes, how many days has Monica spent on business?
What difference does it make?
Could Monica have spent more time than she did vacationing on the trip without loss of existing tax benefits?
Monica, a self-employed taxpayer, travels from her office in Boston to Lisbon, Portugal, on business. Her absence of 13 days was spent as follows:
Thursday
Depart for and arrive in Lisbon
Friday
Business transacted
Saturday and Sunday
Vacationing
Monday through Friday
Business transacted
Saturday and Sunday
Vacationing
Monday
Business transacted
Tuesday
Depart Lisbon and return to office in Boston
a. For tax purposes, how many days has Monica spent on business?fill in the blank ff3ca702cfdf052_1 days
b. What difference does it make?
If Monica's trip satisfies the seven day/thirteen day
test or the less-than-25/more-than-25
% test, then her transportation costs do not have to/must
be allocated between business and personal.
c. Could Monica have spent more time than she did vacationing on the trip without loss of existing tax benefits?
Monica can/cannot
satisfy the seven-day/thirteen-day/less-than-25%/more-than-25%…
Chapter 9 Solutions
Individual Income Taxes
Ch. 9 - Prob. 1DQCh. 9 - Mason performs services for Isabella. In...Ch. 9 - Milton is a resident of Mobile (Alabama) and is...Ch. 9 - In 2017, Emma purchased an automobile, which she...Ch. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 9DQCh. 9 - Prob. 10DQ
Ch. 9 - Prob. 11DQCh. 9 - Prob. 12DQCh. 9 - Prob. 13DQCh. 9 - Prob. 14DQCh. 9 - Paul wholly owns and operates an office supplies...Ch. 9 - Prob. 16DQCh. 9 - Prob. 17DQCh. 9 - Lara uses the standard mileage method for...Ch. 9 - Fred, a self-employed taxpayer, travels from...Ch. 9 - Prob. 20CECh. 9 - Prob. 21CECh. 9 - In 2019, Robert entertains four key clients and...Ch. 9 - In 2019, the CEO of Crimson, Inc., entertains...Ch. 9 - Prob. 24CECh. 9 - Cindy maintains an office in her home that...Ch. 9 - Prob. 26CECh. 9 - Prob. 27CECh. 9 - Prob. 28PCh. 9 - Prob. 29PCh. 9 - Prob. 30PCh. 9 - In June of this year, Dr. and Mrs. Bret Spencer...Ch. 9 - Prob. 32PCh. 9 - On Thursday, Justin flies from Baltimore (where...Ch. 9 - Monica, a self-employed taxpayer, travels from her...Ch. 9 - Prob. 35PCh. 9 - Prob. 36PCh. 9 - Prob. 37PCh. 9 - Prob. 38PCh. 9 - Prob. 39PCh. 9 - Prob. 40PCh. 9 - Shelly has 200,000 of QBI from her local jewelry...Ch. 9 - Prob. 42PCh. 9 - Prob. 43PCh. 9 - Prob. 44PCh. 9 - Prob. 45PCh. 9 - Prob. 46PCh. 9 - Ben and Molly are married and will file jointly....Ch. 9 - Prob. 48PCh. 9 - Prob. 49PCh. 9 - Prob. 50PCh. 9 - David R. and Ella M. Cole (ages 39 and 38,...Ch. 9 - Addison Parker (Social Security number...Ch. 9 - In the current year, Barlow moved from Chicago to...Ch. 9 - Prob. 2CPACh. 9 - Prob. 3CPACh. 9 - Prob. 4CPACh. 9 - Prob. 5CPACh. 9 - Prob. 6CPACh. 9 - Calculate the taxpayers 2019 qualifying business...Ch. 9 - Prob. 8CPA
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