For business entertainment purposes, Sam purchases 4 tickets to a UFC event in Las Vegas costing...
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For business entertainment purposes, Sam purchases 4 tickets to a UFC event in Las Vegas costing $150 each. After discussing business for an hour with two prospective clients, Sam and his wife attend the UFC fights along with the prospective client and his spouse. At the event, Sam paid for food and drinks (non- restaurant) for the entire group costing a total of $120. The largest deduction Sam can take on his tax return related to this sporting event is: O $720. $360. O $150. O $120. O $60. For business entertainment purposes, Sam purchases 4 tickets to a UFC event in Las Vegas costing $150 each. After discussing business for an hour with two prospective clients, Sam and his wife attend the UFC fights along with the prospective client and his spouse. At the event, Sam paid for food and drinks (non- restaurant) for the entire group costing a total of $120. The largest deduction Sam can take on his tax return related to this sporting event is: O $720. $360. O $150. O $120. O $60.
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Related Book For
Taxation for Decision Makers 2017
ISBN: 9781119373735
7th edition
Authors: Shirley Dennis-Escoffier, Karen Fortin
Posted Date:
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