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During 2023, Stork Associates paid \$60,000 for a 20-seat skybox at Veterans Stadium for eight...

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Accounting

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During 2023, Stork Associates paid \$60,000 for a 20-seat skybox at Veterans Stadium for eight professionat football games, Regular seats to these games range from $80 to $250 each. At one game, an employee of Stork entertained 18 clients. Stork fumithed food and beverages for the event at a cost of $1,300. The game was preceded by a bona fide business discussion, and all expenhes are adequately substantiated. How mach mav stork deduct for this event? x Fechado r Chied Mty Won Many taxpayers attempt to deduct personal entertainment expenses as business expenses, For this reason, the tux law restricts the deductibitity of entertainment expenses

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