Earl is a self-employed graphic designer. During the year he entertains an important client by catering a
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Earl is a self-employed graphic designer. During the year he entertains an important client by catering a private meal for two at a scenic location and then takes her to a music concert at NBC. During the concert Earl purchases snacks and drinks for them both. The related costs paid by Earl are as follows: A catered meal for two $200 2 music concert tickets 150 Snacks & drinks purchased from a vendor at the concert 40 Presuming proper substantiation, Earl’s Schedule C deduction is:
A. $120.
B. $390.
C. $195.
D. $240.
Related Book For
Taxation for Decision Makers 2014
ISBN: 9781118654545
6th edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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