ACCT 429 DeVry Week 4 Midterm Exam
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V. Cash prize from church raffle $1,000<br />
VI. Payment of church pledge $3,000<br />
What is Karen's AGI for 2011? (Points : 20)<br />
Question 8.8.(TCOs 3, 4, and 6) Rachel lives and works in Chicago. She is the regional sales manager for a<br />
national fast food chain. Due to unusual developments, she is compelled to work six straight weeks in the St. Louis<br />
area. Instead of spending the weekend there, she flies home every Friday night and returns early Monday morning.<br />
The cost of coming home for the weekend approximates $500. Had she stayed in St. Louis, deductible meals and<br />
lodging would have been $600. How much, if any, may Rachel deduct as to each weekend?(Points : 20)
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