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Question

Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $450 for the meal and $186 for the theater tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can Holly deduct as a business expense?

Multiple Choice

  • $636
  • $225
  • $318
  • $93
  • None - the meals and entertainment are not deductible except during travel.

 

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