Grace is self-employed sales consultant who spends


Income Tax Fundamentals Ch3

Grace is self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following expenses in the current year:

Restaurant meals 5000

Greens fees (all business) 500

tickets to baseball games 500

country club dues (all business use) 6000

What is the tax-deductible entertainment expense Grace may claim in the current year?

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Financial Accounting: Grace is self-employed sales consultant who spends
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