Answer the following - don't use AI

Question1

Doug is a self-employed CPA. He belongs to a country club. He uses the club 100% for business purposes as he entertains important clients of his firm. He usually takes clients to his club immediately following bonafide business discussions. Under these facts, Doug can deduct his club membership dues.

Question 1Select one:

True

False

Question2

In 2022, Paul gets on a round trip flight from San Francisco to Seattle for a business trip, coming back the same day, and costing $200 He has lunch by himself that day ($30) and takes the client out for dinner to discuss business ($80). He flies back that night.

How much is his total deduction related to this trip?

Question 2Select one:

a.$200

b.$280

c.$310

d.$240.

Question3

Sue is a sales representative for a corporation which sells computer systems. In 2023, Sue and her customer were in a business meeting. In order to help improve her business relations with the customer, she invites him to lunch at a local restaurant and continues to discuss business.

Sue pays $100 for the meal.

Later that evening, Sue takes another client to a baseball game where they discuss business during the game. The two tickets cost $200.

How much of the $300 paid by Sue is deductible?

Question 3Select one:

a.None.

b.$50.

c.$100.

d.$150.

e.$300.

Question4

Lucca is President of a small marketing firm. In 2022, in an effort to bring on a big new client, he rents for the evening one of the corporate viewing boxes for one of the final NBA games between the Celtics and the Warriors. He invites the leadership of the firm he is trying to lure as clients. The cost of the tickets to the box totals $5,000 which he purchased in order to attend.

The food and drinks in the box are separately charged and come from the restaurant located in the arena. Throughout the evening, Lucca discusses what he can offer the client. At the end of the evening, Lucca receives a bill for the food and drinks totaling $1,000.

How much of the evening's expenses are deductible?

Question 4Select one:

a.

none.

b.

$500.

c.

$1,000.

d.

$6,000.

Question5

In 2022, Fun Company will havetheir holiday party in a restaurant (spending $4,000) where only their employees will beallowed to attend.How much of the $4,000 expenditure for this food and beverage is deductible by Fun Company?

Question 5Select one:

a.$0.

b.$4,000.

c.$2,000

Question6

Deni, a self employed accountant, travels to Florida to attend a 5 day accounting update conference put on by the American Accounting Association.

Deni spends $3,000 in conference fees, $1,000 in airfare and $1,000 in hotel costs. Meals are all included in the conference costs.

Deni spends all of her time at the conference, learning the material and networking with the other attendees.

What, if any, of her expenses are deductible?

Select one:

a.

$3,000.

b.

$4,000.

c.

$5,000.

d.

None.