Question

Ruth is a self-employed surgeon and is required to take a week of continuing medical education every year to keep her license. This year she paid $2,000 in course fees for her continuing medical education in Honolulu. She also paid $1,500 for airfare and a hotel room and $400 for meals. Ruth may deduct 60% of the medical education fees and travel and 50% of the meals on her Schedule C related to these expenses?

Answer 1

Answer:

The answer is $2340.

Explanation:

The question is incomplete, here is the complete question:

Ruth is a self-employed surgeon and is required to take a week of continuing medical education every year to keep her license. This year she paid $2,000 in course fees for her continuing medical education in Honolulu. She also paid $1,500 for airfare and a hotel room and $400 for meals. Ruth may deduct 60% of the medical education fees and travel and 50% of the meals. What is the total amount she can deduct on her Schedule C?

The question states that she can deduct 60% of the medical education fees which for $2000 comes up to $1200. She can also deduct 60% of her travel expenses which for $1500 comes up to $900. The 50% deduction for the meals at $400 comes up to $240. In total, the amount she can deduct is $2340.

I hope this answer helps.