Elisa spends $1,000 to entertain her customers at the local country club. The club charges an annual
Question:
Elisa spends $1,000 to entertain her customers at the local country club. The club charges an annual membership fee of $800. Elisa uses the facility 80 percent of the time for business. Her employer does not reimburse her for any of these expenses.
a. What are her deductible expenses if incurred in 2017?
b. What are her deductible expenses if incurred in 2018?
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a Elisa can deduct 500 50 x 1000 of the enterta...View the full answer
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Related Book For
Taxation For Decision Makers 2019
ISBN: 9781119497288
9th Edition
Authors: Shirley Dennis Escoffier, Karen A. Fortin
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