Bo is an independent contractor in 2023. Marvin attends a pr…

Bo is an independent contractor in 2023. Marvin attends a professional trade association convention in Los Angeles.  Bo’s total expenses for the entire five days include the following: Airfare to and from LA                                                 $750Meals ($60 per day)                                                        300Hotel ($75 per day)                                                         375Entertainment of customers (business is discussed)    600Total                                                                              $2,025 He spends three days at the meeting and two days vacationing before the meeting. How much can Bo deduct for business-related expenses for 2023?

Weevil Corporation is proposing the creation of a qualified​…

Weevil Corporation is proposing the creation of a qualified​ profit-sharing plan for its employees. The proposed plan provides for vesting of employer contributions after 20 years because the company wants to discourage employee turnover and does not feel that​ short-term employees should qualify for benefits. Will this plan​ qualify? Why or why​ not?