Milly operates a small business and incurs the following expenses: Annual dues Tampa Bay Golf Club Meals with clients after golf Meals with clients at the Club's dining room where business was conducted Greens fees (personal and with clients) Meals (personal) Total $2,000 Calculate the portion of the $4,050 that Milly can deduct. X 500 600 700 250 $4,050
Milly operates a small business and incurs the following expenses: Annual dues Tampa Bay Golf Club Meals with clients after golf Meals with clients at the Club's dining room where business was conducted Greens fees (personal and with clients) Meals (personal) Total $2,000 Calculate the portion of the $4,050 that Milly can deduct. X 500 600 700 250 $4,050
Chapter4: Additional Income And The Qualified Business Income Deduction
Section: Chapter Questions
Problem 9P
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Question
![Milly operates a small business and incurs the following expenses:
Annual dues Tampa Bay Golf Club
$2,000
Meals with clients after golf
500
Meals with clients at the Club's dining
room where business was conducted
Greens fees (personal and with clients)
Meals (personal)
Total
600
700
Calculate the portion of the $4,050 that Milly can deduct.
X
250
$4,050](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd1be671-abf3-44e6-b0ab-fa1a9c58f8a5%2F843207ff-53c9-4300-80a1-e26180f025a1%2Fr0bdhsv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Milly operates a small business and incurs the following expenses:
Annual dues Tampa Bay Golf Club
$2,000
Meals with clients after golf
500
Meals with clients at the Club's dining
room where business was conducted
Greens fees (personal and with clients)
Meals (personal)
Total
600
700
Calculate the portion of the $4,050 that Milly can deduct.
X
250
$4,050
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