Grace is a self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the
Question:
Restaurant meals ...................................... $5,000
Greens fees (all business) ........................... 500
Tickets to baseball games ........................... 500
Country Club dues (all business use) ............... 6,000
What is the tax-deductible entertainment expense Grace may claim in the current year? On which tax form should she claim the deduction?
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Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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