Dave owns a small tax firm that has two busy seasons per year. He treats his employees
Fantastic news! We've Found the answer you've been seeking!
Question:
Dave owns a small tax firm that has two busy seasons per year. He treats his employees to meals to keep them productive during lunch and dinner time (people who leave the office usually take longer to return to work). Each meal costs him $12 dollars per person due to a contract with a local restaurant. This year, the two busy seasons cost him 15,000.
1. How much of the 15,000 expense is deductible?
2. What is the deduction if the cost of the meals were $225 dollars per meal per person? Why?
Posted Date: