Question

Someone decided to travel with his family for the annual holiday, so he borrowed 100,000 dirhams from a bank to cover the travel expenses. Is this extravagance? Why?​

Answer 1

Answer:

Dirhams have low cost expectancy

Answer 2

Travel expenses are costs associated with traveling for the purpose of conducting business-related activities. Reasonable travel expenses can generally be deducted by the business when employees incur costs while traveling away from home specifically for business purposes. Those business purposes can include conferences or meetings.1