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Income Tax Fundamentals Ch3 Grace is self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the appropriate records to substantiate her

Income Tax Fundamentals Ch3

Grace is self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the followoing expenses in the current year:

Restaruant meals 5000

Greens fees (all business) 500

tickets to baseball games 500

country club dues (all business use) 6000

what is the tax-deductible entertainment expense Grace may claim in the current year?

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