ryanthien2274 ryanthien2274

03-01-2023
Business

Answered

tom is an insurance agent and small business consultant. he takes one of his clients to a college basketball game to give him guidance on a business transaction and sell him an insurance policy. tom spends $200 to purchase tickets for himself and his client. in addition, tom spends $50 to buy his client dinner in a restaurant before the game. the dinner is purchased separately from the cost of the tickets. tom can take a deduction for what amount on his income tax return for his meal and entertainment expenses?

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