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In 2020, the CEO of Crimson, Inc., entertains 14 clients at a skybox in Memorial Stadium for a single athletic event during the year. Substantive

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In 2020, the CEO of Crimson, Inc., entertains 14 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 $9,350 per event and seats 16 people. (The cost of a regular, nonluxury box seat at Memorial ranges from $85 to $170.) Refreshments served during the event cost $870 (and were separately itemized on the bill Crimson received). How much of these costs may Crimson deduct? X In 2020, the CEO of Crimson, Inc., entertains 14 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 $9,350 per event and seats 16 people. (The cost of a regular, nonluxury box seat at Memorial ranges from $85 to $170.) Refreshments served during the event cost $870 (and were separately itemized on the bill Crimson received). How much of these costs may Crimson deduct? X

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