Elisa spends $1,000 on business lunches to entertain her customers at the local country club.The club charges

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Elisa spends $1,000 on business lunches to entertain her customers at the local country club.The club charges an annual membership fee of $800. Elisa uses the facility 80 percent of the time for business. Her employer does not reimburse her for any of these expenses.What is her deductible expense?

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Taxation For Decision Makers 2008

ISBN: 9780324654110

2nd Edition

Authors: Shirley Dennis-Escoffier, Karen A. Fortin

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