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Kathy owns her own marketing firm and incurred the following expenses this year (after 2017) related to meetings with clients and potential clients. Assume that
Kathy owns her own marketing firm and incurred the following expenses this year (after 2017) related to meetings with clients and potential clients. Assume that all entertainment expenses were directly associated with a business discussion.
Dues to Golf & Country Club
$3,000
Green fees for playing golf with clients
$2,000
Tickets to NCAA Basketball Tournament (face value = $400)
$2,000
How much of these expenses are deductible for the current year?
Group of answer choices
$ 0
$1,200
$2,400
$5,000
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