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MARINO CORPORATION Marino Corporation pays $6,500 to rent a 10-seat skybox for three football games to use for business entertainment at each game. The price

MARINO CORPORATION

Marino Corporation pays $6,500 to rent a 10-seat skybox for three football games to use for

business entertainment at each game. The price for a regular non-luxury box seat at each game is $45.

How much can Marino Corporation deduct for this entertainment expense?

What is the U.S. Code section for tax?

Example: U.S. Code 274

Why this section?

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