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In 2022, Holly took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the theater.
In 2022, Holly took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the theater. Holly paid $370 for the meal and separately paid $218 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 $370 O $588 $294 $109
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