Question

Marley, an employee, entertains one of his clients on June 1 of the current year to try to close a large sale for his company. Entertainment expenses Marley paid are:
Cab fares
$50
Dinner, at which the deal was discussed
230
Tips at restaurant
30
Marley’s best course of action would be to:
a.
Take a $310 deduction on his tax return
b.
Take a $260 deduction on his tax return
c.
Take a $195 deduction on his tax return
d.
Seek reimbursement from his company

Answer 1

marley

marley

1. 

   The new tax law allows a company to deduct expenses for entertainment provided by employee to client..

   Entertainment includes the cost of a meal you provide to a customer or client, whether the meal is a part of other entertainment or by itself.

   A meal expense includes the cost of food, beverages, taxes, and tips for the meal. To deduct an entertainment-related meal,the employee must be present when the food or beverages are provided.

   however enterainment exapnses are 50% deductable

   marley should take reimbursement from his company beacuse the he entertains the clients on the behalf of the company.

   all the services provided by marley to client is reimbursed by the company beause he acting on the behalf of company

   company law state that if a company worker provide any services to client are reimbuerse under few terms and conditionThe new tax law allows a company to deduct expenses for entertainment provided by employee to client..

   Entertainment includes the cost of a meal you provide to a customer or client, whether the meal is a part of other entertainment or by itself.

   A meal expense includes the cost of food, beverages, taxes, and tips for the meal. To deduct an entertainment-related meal,the employee must be present when the food or beverages are provided.

   however enterainment exapnses are 50% deductable

   marley should take reimbursement from his company beacuse the he entertains the clients on the behalf of the company.

   all the services provided by marley to client is reimbursed by the company beause he acting on the behalf of company

   company law state that if a company worker provide any services to client are reimbuerse under few terms and conditionThe new tax law allows a company to deduct expenses for entertainment provided by employee to client..

   Entertainment includes the cost of a meal you provide to a customer or client, whether the meal is a part of other entertainment or by itself.

   A meal expense includes the cost of food, beverages, taxes, and tips for the meal. To deduct an entertainment-related meal,the employee must be present when the food or beverages are provided.

   however enterainment exapnses are 50% deductable

   marley should take reimbursement from his company beacuse the he entertains the clients on the behalf of the company.

   all the services provided by marley to client is reimbursed by the company beause he acting on the behalf of company

   company law state that if a company worker provide any services to client are reimbuerse under few terms and condition