Carol, a self-employed CPA, purchases hockey tickets online for $180 and takes a client to the game. Immediately before the game, Carol and the client dine on Chicken wings and other food and beverages at the rostauram in the arena. And Carol charges the full $140 bill for dinner on her credit card During dinner, and at various points throughout the game, they discuss an ongoing project Carol is working on for the client and a potential now project. In 2022 Carol will deduct A. 560 8. $70 C. 5150 D. $140 QUESTION 3 All of the following characteristics are true of an incentive stock option with the exception of: A. The option must be granted within ten years from the date the plan is adopted and the employee must exercise the stock opton within ten years trom the grant date. B. There is no limit to the value of the options that become exercisable to an employee in a single year. C. The option price must be equal to or greater than the stock's FMV on the option's grant date. D. The employee cannot own more than 10% of the voting power of the employer corporation's stock immediately prior to the option's grant date. QUESTION 4 A partnership plans to set up a retirement plan to benefit the partners and the employees. All of the following retirement plans are appropriate ExCEPT. A. ASIMPLE plan B. ASEPIRA C. A Solo 401(k) D. An H.R. 10 (Keogh) plan