Ralph invited a potential client to dinner and the theatre. Ralph paid $250 for the dinner and
Question:
a. What amount can Ralph deduct if, prior to the dinner, he met with the potential client to discuss future business prospects?
b. What amount can Ralph deduct if he and the client only discussed business during the course of the dinner?
c. What amount can Ralph deduct if he and the potential client tried to discuss business during the course of the theatre performance but did not discuss business at any other time?
d. What amount can Ralph deduct if the potential client declined Ralph's invitation, so Ralph took his accountant to dinner and the theatre to reward his accountant for a hard day at work? At dinner, they discussed the accountant's workload and upcoming assignments.
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Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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