A.J. is the vice president for Keane Products, a marketing consulting firm. On a business trip to

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A.J. is the vice president for Keane Products, a marketing consulting firm. On a business trip to New York City in 2021, he meets with three executives from Keane’s top account. After the meeting, A.J. takes them to dinner and then to the theater. The theater tickets cost $350. The cost of the meal is $190, including sales tax of $17 and a tip of $34. Throughout the evening, A.J. pays $42 in cab fares. How much can A. J. deduct as a business expense?

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Concepts In Federal Taxation 2022

ISBN: 9780357515785

29th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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