The current tax year is 2023. Joe operates a business that locates...

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Accounting

The current tax year is 2023.
Joe operates a business that locates and purchases specialized assets for clients, among other activities. Joe uses the accrual accounting method, but he doesn't keep any significant inventories of the specialized assets that he sells. Joe reported the following financial information for his business activities during the current tax year. Determine the effect of each of the following transactions on the taxable business income for the current tax year (ONLY).
Amount taxable or deductible.
f) Joe hired a new sales representative as an employee and sent her to Dallas for a week to contact prospective out-of-state clients. Joe reimbursed his employee $800 for airfare, $425 for lodging, and $200 for meals, which she ate in local restaurants (the employee provided adequate documentation to substantiate the business purpose for the meals). Joe requires the employee to account for all expenditures in order to be reimbursed.
Amount taxable or deductible.
g) Joe uses his BMW (a personal auto) to travel to and from his residence to his factory. However, he switches to a business vehicle if he needs to travel after he reaches the factory. In the current tax year, the business vehicle broke down, and he was forced to use the BMW to travel to and from the factory and visit work sites until the business vehicle was repaired. He drove 490 miles visiting worksites and 1,325 miles driving between the factory and his home during the year. Joe uses the standard mileage rate to determine his auto-related business expenses.
Amount taxable or deductible.
h) Joe paid a visit to his parents in Dallas over Memorial Day of the current tax year. While he was in the city, Joe spent $275 to attend a full-day business symposium. Joe paid $400 for airfare, $175 for dinner at a restaurant with his parents, and $80 on cab fare to the symposium.
Amount taxable or deductible.
i) Joe attended a conference in Miami in July of the current tax year. While he was in the city, Joe spent $950 to attend four days at the conference. Joe paid $800 for airfare, $570 for meals in restaurants during the conference, $120 on snacks and drinks at the local grocery store, and $90 on cab fare from the airport to the conference hotel. He also visited his sister for one day and spent $80 on cab fare to her house, took her out for a meal in a restaurant at a cost of $87, and paid for tickets to a local theater for $275.
Amount taxable or deductible.
find F,G,H,I

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