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In 2022, Values R Us, a real estate appraising firm, incurs the following meal expenses: - $1,200 restaurant meals with business clients - $1,600 for
In 2022, Values R Us, a real estate appraising firm, incurs the following meal expenses: - \$1,200 restaurant meals with business clients - $1,600 for an end of year celebratory company dinner for all employees - $400 for bagels once a month for all employees - $300 for pre-packaged snacks offered to potential clients at a business fair - $40 for non-restaurant travel snacks consumed by employees while on business travel - $800 of restaurant meals consumed by employees while on business travel What is Values R Us' deductible meals expense in 2022 ? a. $4,340. b. $4,120. c. $3,320. d. $2,770
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