Question: 5. Holly took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the theater. Holly paid
5. Holly took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the theater. Holly paid $460 for the meal and separately paid $182 for the theater tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can Holly deduct as a business expense?
a. $642
b. $321
c. Nonethe meals and entertainment are not deductible except during travel.
d. $460
$91
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