Income Tax Fundamentals Ch3 Grace is self-employed sales consultant who spends significant time entertaining potential...
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Accounting
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 followoing expenses in the current year:
Restaruant 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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