Question: Problem 9 - 3 4 ( LO . 5 ) During 2 0 2 4 , Stork Associates paid $ 6 0 , 0 0

Problem 9-34(LO.5)
During 2024, Stork Associates paid $60,000 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $80 to $250 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event at a cost of $1,300. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated.
How much may Stork deduct for this event?

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