Marty is a sales consultant. Marty incurs the following expenses related to the entertainment of his clients in the current year: Dues to a country club $4,500 (The country club was used for business 25 days of the total 75 days that it was used.) Business meals at the country club not associated with golf or tennis 1,200 Dues to a tennis club 1,000 (The club was used 75 percent for directly related business.) Tennis fees (personal use) 260 Business meals at various restaurants 1,844 a. Indicate whether the following are "Deductible" (partially or fully) or "Not deductible". β’ Dues to a country club Not deductible β’ Business meals at the country club Deductible β’ Dues to a tennis club Not deductible β’ Tennis fees (personal use) Not deductible β’ Business meals at various restaurants Deductible b. How much is Marty's deduction for meals and entertainment expenses for the current year?
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Marty is a sales consultant. Marty incurs the following expenses related to the entertainment of his...
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