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Question 1 [15 marks]: Explain three possibilities when 100% of the meals and entertainment are allowed to be deducted from accounting income. [Not less than

Question 1 [15 marks]: Explain three possibilities when 100% of the meals and entertainment are allowed to be deducted from accounting income. [Not less than 50 words: Not less than 1 reference] Explain two circumstances when club membership dues and recreational facilities fees are not allowed to be deducted for tax purposes. [Not less than 50 words: Not less than 1 reference] Explain three circumstances when contingent expenses are not allowed to be deducted for tax purposes. [Not less than 50 words: Not less than 1 reference]

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