In 2021, the CEO of Crimson, Inc., entertains 5 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 $8,050 per event and seats 7 people. (The cost of a regular, nonluxury box seat at Memorial ranges from $45 to $90.) Refreshments served during the event cost $1,170 (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? Feedback Check My Work Many taxpayers attempt to deduct personal entertainment expenses as business expenses. For this reason, the tax law restricts the deductibily of entertainment expenses