Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $450 for the meal and separately paid $186 for the theater tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can Holly deduct as a business expense?
A. $636
B. $225
C. $318
D. $93
E. None - the meals and entertainment are not deductible except during travel.
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Home » Business » Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $450 for the meal and separately paid $186 for the theater tickets, amounts that were reasonable under the circumstances.