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Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $400 for the meal
Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $400 for the meal and separately paid $206 for the theater tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can Holly deduct as a business expense? Multiple Choice O $606 $103 None-the meals and entertainment are not deductible except during travel
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