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18- Kathy owns her own marketing firm and incurred the following expenses this year related to meetings with clients and potential clients. Assume that all
18- Kathy owns her own marketing firm and incurred the following expenses this year related to meetings with clients and potential clients. Assume that all entertainment expenses were directly associated with a business discussion. Dues to Golf & Country Club $3,000 Green fees for playing golf with clients $2,000 Meals and drinks with clients after golf $1,200 Tickets to NCAA Basketball Tournament (face value = $400) $2,000 How much of these expenses are deductible for the current year? $1,800 $2,600 OOO $3,600 $8,200
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