Question
Robert entertains four key clients and their spouses at a nightclub. Expenses were $100 (limo charge), $120 (cover charge), $700 (drinks and dinner), and $140
Robert entertains four key clients and their spouses at a nightclub. Expenses were $100 (limo charge), $120 (cover charge), $700 (drinks and dinner), and $140 (tips to servers). If Robert is self-employed, how much can he deduct for this event?
a. $680
b. $580
c. $480
d. $0
e. None of these
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Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
10th Edition
0324380674, 978-0324380675
