In 2021, Robert takes four key clients and their spouses out to dinner at a local restaurant.
Question:
In 2021, Robert takes four key clients and their spouses out to dinner at a local restaurant. Business discussions occurred over dinner. Expenses were $700 (drinks and dinner) and $140 (tips to servers). If Robert is self-employed, how much can he deduct for this event?
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Solution As per the taxation law Business meals with clients are deductible 10...View the full answer
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DIPAK BHOYE
"I am a M.sc (organic chemistry) from NMU India and also a BSc graduate from The University of NMU, india.
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Related Book For 
South-Western Federal Taxation 2022 Individual Income Taxes
ISBN: 9780357519073
45th Edition
Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman
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