17 (Algorithmic) (LO. 5) In 2022, the CEO of Crimson, Inc., entertains 11 dients at a skybox in Memorial Stadium for a single athletic event during the year Substantive business discussions occurred at various times during the event. The box cast $1,050 per event and seats 13 people. (The cost of a regular, nonluxury box seat at Memorial ranges from $60 to $120.) Refreshments served during the event cost $1,620 (the refreshments were obtained from a local restaurant and were separately itemized on the bill Crimson receive) How much of these costs may Crimson deduct 1,470 X Check My W Many taxpayers attempt to deduct penonal entertainment expences as business expenses. For this reason, the tax law restricts the deductibility of entertainment expenses G5