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Author Question: Joe is a self-employed tax attorney who frequently entertains his clients at his country club. Joe's ... (Read 46 times)

dalyningkenk

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Question 1

Austin incurs $3,600 for business meals while traveling for his employer, Tex, Inc. Austin is reimbursed in full by Tex pursuant to an accountable plan. What amounts can Austin and Tex deduct?










Question 2

Joe is a self-employed tax attorney who frequently entertains his clients at his country club. Joe's club expenses include the following:



Assuming the business meals and entertainment qualify as deductible entertainment expenses, Joe may deduct
◦ $2,000.
◦ $4,700.
◦ $5,300.
◦ $4,000.


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Marked as best answer by dalyningkenk on Sep 13, 2020

ladyjames123

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dalyningkenk

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


mochi09

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Reply 3 on: Yesterday
Excellent

 

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