Henry entertains several of his clients on January 1 of the current year at a...
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Accounting
Henry entertains several of his clients on January 1 of the current year at a private supper club, of which he is a member. Expenses paid by Henry are as follows:
Cab fare$ 60Club membership dues for January. He had no other meals at the club in January.200Dinner at club800Tips to waiter160Presuming proper substantiation,
Henrys deduction is:
$1,220
$1,020
$540
$460
None of the above.
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