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In 2022, the CEO of Crimson, Inc, entertains 6 clients at a skybox in Memorial Stadium for a single athletic event during the year. Substantive

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In 2022, the CEO of Crimson, Inc, entertains 6 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 $4,150 per event and seats 8 people. (The cost of a regular, nonluxury box seat at Memorial ranges from $60 to $120.) Refreshments served during the event cost $1,820 (the refreshments were obtained from a local restaurant and were separately itemized on the bill Crimson recelved). How much of these costs may Crimson deduct? x Feediack Thealidrwou Mony toxpoyers attempt to deduct personal entertainment expenses as business expenses. For this reason, the tax law restricts the deductibility of entertainment expenses

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