Marty is a sales consultant. Marty incurs the following expenses related to the entertainment of his clients
Question:
Marty is a sales consultant. Marty incurs the following expenses related to the entertainment of his clients in 2018:
a. How much is Marty’s deduction for entertainment expenses for 2018? $ __________
b. For each item listed above that you believe is not allowed as a deduction, explain the reason it is not allowed.
Transcribed Image Text:
Dues to a country club (The country club was used for business 25 days of the total 75 days that it was used.) Business meals at the country club not associated with golf or tennis Dues to a tennis club $4,500 1,200 1,000 (The club was used 75 percent for directly related business.) Tennis fees (personal use) 260 Business meals at various restaurants 1,844
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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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