Question 2 James runs his own public relations business. During the year, he incurred the following expenses: (10 marks) . salary costs of $500,000 salary costs of $5,000 for his daughter who worked with him for one week as part of her university training travel expenses of $7,000 for travel between home and work travel expenses of $3,000 for travel from a client's premises to his home $1,500 on a new suit to impress his clients $700 on membership of the local sports club where he entertains clients $8,000 in meal expenses on entertaining clients . Required: State whether the above would be allowed as allowable deduction against assessable income. Provide a justification for your argument based on statute and case law. (10 marks)