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User Generated

pelfgnyjm8q

Business Finance

Description

Complete (LO 3.5) #15. For each item on Marty’s list of entertainment expenses, tell why or why it is not deductible. Be sure to tell your reasoning for each one. Then, what is the total of Marty’s deduction for entertainment expenses?

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Explanation & Answer

Here is the answers :). Let me know if you have some questions ..hope to work with you again.:)

(LO 3.5) #15.
A.
Expenses

Amount due

Calculations

Results

Dues to a country Club

4500

(4500 x 25/75)

1500

Business meals at country club 1200

(1200 x 25/75)

400

Dues to tennis club

1...


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