Karl is the vice president of finance for Wyatt Industries. Last month, he met a client at an afternoon baseball game. The box-seat tickets cost Karl $30 each.
Because the client had a plane flight after the game, Karl was unable to take her to dinner. During the game, Karl spent $15 on sodas and snacks. What amount can Karl deduct as an entertainment expense? Assume that Karl and the client had gone to dinner and that the meal cost $88. How much can Karl deduct as an entertainment expense?
This question was answered on: Jul 11, 2017
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