Question 40 Grace is a self employeed sales consultant who spends significant time entertainment potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following expenses in the current year: meals where business was conducted $5000 Greens fees (all fees) 500 tickets to baseball games (all business) 500 country cup dues (all business use) 6000 what are the tax-deductible meals and entertainment expenses Grace May claim in the current year? $ on which tax form should she claim the deduction?
Question 40 Grace is a self employeed sales consultant who spends significant time entertainment potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following expenses in the current year: meals where business was conducted $5000 Greens fees (all fees) 500 tickets to baseball games (all business) 500 country cup dues (all business use) 6000 what are the tax-deductible meals and entertainment expenses Grace May claim in the current year? $ on which tax form should she claim the deduction?
Chapter9: Deductions: Employee And Self-employed-related Expenses
Section: Chapter Questions
Problem 22CE
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Question 40
Grace is a self employeed sales consultant who spends significant time entertainment potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following expenses in the current year:
meals where business was conducted $5000
Greens fees (all fees) 500
tickets to baseball games (all business) 500
country cup dues (all business use) 6000
what are the tax-deductible meals and entertainment expenses Grace May claim in the current year?
$
on which tax form should she claim the deduction?
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