Ram, a self-employed salesperson, purchased two tickets to a September 2021 concert for himself and a prospective client. He also took the client out for dinner prior to the show. The tickets cost $200 each and the meal cost $110. How much may Ram deduct as a business expense?

Answer rating: 100% (QA)

Solution Calculation of Total deduction as a business expense Tickets cost for Show not deductible ... View the full answer