Self-Study Problem 3.5 Milly operates a small business and incurs the following expenses: $2,000 500 Annual dues Tampa Bay Golf Club Restaurant 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 600 700 250 $4,050 Calculate the portion of the $4,050 that Milly can deduct. 3,800 X
Self-Study Problem 3.5 Milly operates a small business and incurs the following expenses: $2,000 500 Annual dues Tampa Bay Golf Club Restaurant 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 600 700 250 $4,050 Calculate the portion of the $4,050 that Milly can deduct. 3,800 X
Chapter4: Additional Income And The Qualified Business Income Deduction
Section: Chapter Questions
Problem 9P
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Transcribed Image Text:Self-Study Problem 3.5
Milly operates a small business and incurs the following expenses:
Annual dues Tampa Bay Golf Club
$2,000
500
Restaurant 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
600
700
250
$4,050
Calculate the portion of the $4,050 that Milly can deduct.
3,800 X
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