holly took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the theater. holly paid $290 for the meal andseparately paid $250 for the theater tickets, amounts that were reasonable under the circumstances. what amount of these expenditures can holly deduct as a business expense?

Question

03-01-2022
Business

contestada

holly took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the theater. holly paid $290 for the meal andseparately paid $250 for the theater tickets, amounts that were reasonable under the circumstances. what amount of these expenditures can holly deduct as a business expense?

Respuesta :

Otras preguntas

Anna is hiking in a canyon. The inequality statements compare the elevations of the hiking trail at three different points. –21 ft < –18 ft −18 ft < 10 ft

The perfect orange calls for 2/3 parts yellow paint and 1/4 parts red paint. a) how much yellow paint do you need if you use 1 cup of red paint? b) how much red

mining is considered the_ job in the united states

Need help on 16 please help

A large pot holds 8 quarts of spaghetti sauce.Lisa has 1-pint containers of spaghetti sauce.

What organelle is bigger in the plant cell than in the animal cell?

Help pleaseeeeeeeeeeee

The answer to the problem 3(6 - 7) + 8 is called a ____

Which type of fat may help lower the risk of heart disease? a. cholesterol b. saturated fat c. trans fat d. unsaturated fat

What is the balanced equation to: carbon disulfide burns in air to form carbon dioxide and sulfur dioxide?

Tundexi Tundexi · Answer 1 · 2022-01-10T11:06:15+01:00

Since the cost of entertainment are not deductible, then, the amount of expenditures that holly can deduct as a business expense will be $145.

Here, since the both are business partner, it is expected that they will both share the expenses therein.

However, the cost of entertainment are not deductible.

Holly"s expenses = $290 × 50%

Holly"s expenses = $145.

Therefore, the amount of expenditures that holly can deduct as a business expense will be $145.