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Malinda took a client to dinner meeting. After agreeing to a business deal, they went...

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Accounting

Malinda took a client to dinner meeting. After agreeing to a business deal, they went to see a show. Malinda paid $100 for the meal and separately paid $45 for the show tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can Malinda deduct as a business expense?

  • $691.

  • $2,998.

  • $5,530.

  • None of the choices are correct.

  • $2,765.

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