Select the best answer. Which of the following statements is correct regarding entertainment expenses under the TCJA? A. Entertainment expenses are now generally nondeductible, subject to limited exceptions for recreational, social, and similar activities that are for the primary benefit of all employees. B. Entertainment expenses are nondeductible and previous exceptions have been eliminated. C. Entertainment expenses are fully nondeductible, even if the price of a ticket to a charity event includes a charitable contribution component. D. Entertainment expenses are subject to a phase-out and will be fully nondeductible by 2022. Submit Answers