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Billy Bob Sanders is a self-employed management consultant. He reports on the cash basis for tax purposes. For the current year, he paid the following
Billy Bob Sanders is a self-employed management consultant. He reports on the cash basis for tax purposes. For the current year, he paid the following expenditures related to his consulting business: $12,000 business meals with clients; business was discussed during the meals $8,000 hotel expenses while out of town on business $3,000 Houston Astros season tickets; took clients to the games and business was discussed during the games $4,000 continuing education fees $5,000 country club dues; country club is used for business pruposes From these expenditures, calculate the total deduction amount that Billy Bob can take against his consulting income for the current year. Click Save and Submit to save and submit. Click Save All Answers to save all answers
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