CengageNOWv2 | Online teaching and learning resource from Cengage Learning 8/28/2019 CengageNOWv2 | Online teaching and learning resource from Cengage Learning Dues to a country club $4,500 (The country club was used for business 25 days of the total 75 days that it was used.) Business meals at the country club ca not associated with golf or tennis 1,200 Dues to a tennis club 1,000 B (The club was used 75 percent for directly related business.) Tennis fees (personal use) tey 260 Business meals at various restaurants 1,844 a. Indicate whether the following are "Deductible" (partially or fully) or "Not deductible". Dues to a country club Business meals at the country club Dues to a tennis club . Tennis fees (personal use) . Business meals at various restaurants b. How much is Marty's deduction for entertainment expenses for 2018? $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 41

marty is a sales consultant. Marty incurs the following expenses related to the entertainment of his clients in 2018: 

“picture attached with the i formation and two questions. 

CengageNOWv2 | Online teaching and learning resource from Cengage Learning
8/28/2019
CengageNOWv2 | Online teaching and learning resource from Cengage Learning
Dues to a country club
$4,500
(The country club was used for business
25 days of the total 75 days that it was used.)
Business meals at the country club
ca
not associated with golf or tennis
1,200
Dues to a tennis club
1,000
B
(The club was used 75 percent for directly
related business.)
Tennis fees (personal use)
tey
260
Business meals at various restaurants
1,844
a. Indicate whether the following are "Deductible" (partially or fully) or "Not deductible".
Dues to a country club
Business meals at the country club
Dues to a tennis club
.
Tennis fees (personal use)
.
Business meals at various restaurants
b.
How much is Marty's deduction for entertainment expenses for 2018?
$
Transcribed Image Text:CengageNOWv2 | Online teaching and learning resource from Cengage Learning 8/28/2019 CengageNOWv2 | Online teaching and learning resource from Cengage Learning Dues to a country club $4,500 (The country club was used for business 25 days of the total 75 days that it was used.) Business meals at the country club ca not associated with golf or tennis 1,200 Dues to a tennis club 1,000 B (The club was used 75 percent for directly related business.) Tennis fees (personal use) tey 260 Business meals at various restaurants 1,844 a. Indicate whether the following are "Deductible" (partially or fully) or "Not deductible". Dues to a country club Business meals at the country club Dues to a tennis club . Tennis fees (personal use) . Business meals at various restaurants b. How much is Marty's deduction for entertainment expenses for 2018? $
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