In 2022, Values R Us, a real estate appraising firm, incurs the following meals expenses:

• $1,200 restaurant meals with business clients

• $1,600 for an end of year celebratory company dinner for all employees

• $400 for bagels once a month for all employees

• $300 for prepackaged snacks offered to potential clients at a business fair

• $40 for nonrestaurant travel snacks consumed by employees while on business travel

• $800 of restaurant meals consumed by employees while on business travel

What is Values R Us’ deductible meals expense in 2022?

a. $2,770

b. $3,320

c. $4,120

d. $4,340