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19 May, 07:21

Jack is a lawyer who is a member at Ocean Spray Country Club where he spends $7,200 in dues, $4,000 in business meals, and $2,000 in green fees to entertain clients. He has separate invoices for the meals. He is also a member of the local Rotary club where he meets potential clients. The dues for the Rotary club are $1,200 a year. How much of the above expenses can Jack deduct as business expenses

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  1. 19 May, 07:28
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    Ocean spray country club = $7200

    Business Meals = $ 4000

    Entertainment = $2000

    Rotary Club Dues = $1200

    Business Expenses = 50% (4000 + 2000) + 1200

    = 3000 + 1200

    = $4200
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