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Ksju [112]
3 years ago
13

Malinda took a client to dinner meeting. After agreeing to a business deal, they went to see a show. Malinda paid $100 for the m

eal 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
Business
1 answer:
Paladinen [302]3 years ago
8 0

Answer:

Allowable Business Expense is $50

Explanation:

The entertainment expenses that were paid before the business deal are allowed business expenses and those entertainment expenses that were incurred after the business deal are disallowed business expenses.

So here, the entertainment expense that includes meal which is worth $100 and is the only allowable business expense here that was incurred before the business deal.

The meal with clients are 50% deductible which means only 50% of the $100 is allowed as business expense.

Allowable Business Expense = $100 * 50% = $50

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3 years ago
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Proof of income statement.

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2 years ago
The total demand for wheat in the U.S. is given by Qd = 1750 - 130 P. Domestic supply is given by, Qs = 1000 + 170 P. Price is m
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Explanation:

Please refer to the attached file.

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I’m positive it’s a loan
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