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Gwen traveled to NYC on a business trip for her employer. Gwen spent 4 days in business meetings and conferences and then spent 2 days sightseeing in the area. Plane fare for the trip was $250 Meals $160 per day Hotels and other incidental expenses amounted to $250 per day. For the days spent sightseeing Gwen rented an automobile at $60 per day. Gwen was NOT reimbursed by her employer for any expenses. Her AGI for the year is $50,000 and she itemizes but has no other miscellaneous itemized deductions. Gwen may deduct (after limitations)?

• $570

• $890

• $1,487

• $1,570

Note: Please describe comprehensively and provide step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165104

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