A.J. is the vice president for Keane Products, a marketing consulting firm. On a business trip to
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A.J. is the vice president for Keane Products, a marketing consulting firm. On a business trip to New York City in 2021, he meets with three executives from Keane’s top account. After the meeting, A.J. takes them to dinner and then to the theater. The theater tickets cost $350. The cost of the meal is $190, including sales tax of $17 and a tip of $34. Throughout the evening, A.J. pays $42 in cab fares. How much can A. J. deduct as a business expense?
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AJ can deduct 190 100 x 190 for the meal The 50 limitation on mea...View the full answer
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Related Book For 
Concepts In Federal Taxation 2022
ISBN: 9780357515785
29th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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