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how would i do this? i keep getting the answer wrong In 2022, the CEO of Crimson, Inc., entertains 7 clients at a skybox in
how would i do this? i keep getting the answer wrong
In 2022, the CEO of Crimson, Inc., entertains 7 clients at a skybox in Memorial Stadium for a single athletic event during the year. Substantive business discussions occurred at various times during the event. The box cost $2,000 per event and seats 10 people. (The cost of a regular, nonluxury box seat at Memorial ranges from $55 to $100.) Refreshments served during the event cost $700 (the refreshments were obtained from a local restaurant and were separately itemized on the bill Crimson received). How much of these costs may Crimson deduct? x Feedback v Check My Work Many taxpayers attempt to deduct personal entertainment expenses as business expenses. For this reason, the tax law restrict deductibility of entertainment expenses Step by Step Solution
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