Finn is a self-employed certified financial planner in Palm Desert, CA. Finn paid $25,000 per year to an agency that provides chauffeur service. Under his contract with the agency, Finn is entitled to up to eight hours of chauffeur service per week. Finn usually takes advantage of this service a couple of times each week when he makes house calls to some of his wealthy clients. Finn tells you: "The chauffer service enables me to forget the problems of the world while I ride in luxury. My clients are impressed when they see me arrive in a limousine. They assume that I must know what I'm doing." Determine which, if any, of the costs incurred by Finn are deductible.

Answer rating: 100% (QA)

Solution Finns chauffeur service cost is likely not deductible for business purposes Heres why 1 Per... View the full answer