Holly paid $4,000 for tickets to an Astro's game. She invited current clients to the game. She and two of her associates were also present at the game to entertain and talk business with the guests. She also spent $1,200 on beer and $1,500 on food from the concession stand. The food and beverages were not lavish or extravagant. How much of these expenses can Holly deduct? O $2,750 $1,350 $3,350 $750

Holly paid $4,000 for tickets to an Astro's game. She invited current clients to the game. She and two of her associates were also present at the game to entertain and talk business with the guests. She also spent $1,200 on beer and $1,500 on food from the concession stand. The food and beverages were not lavish or extravagant. How much of these expenses can Holly deduct? O $2,750 $1,350 $3,350 $750

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses

Section: Chapter Questions

Problem 32P

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