Question

Multiple choice 3-12 Meals and Entertainment (LO 3.5) which of the following expenses is deductible as an entertainment expense? D. The depreciation on an airplane used to entertain customers. b. The cost of a hunting camp used to entertain customers. the dues of a racquet club used to keep in shape. xed. The cost of a paintball party for clients paid for by a computer salesman at a computer fair De None of these choices are deductible The TCe changed the tax treatment for (1) an activity generally considered to be entertainment amusement, or recre dues for any lub nied for business, pleasure, recreation or other social surposes, or a facility used in connect

Answer 1

Ans is E

The 2017 Tax Reform Law has disallowed all entertainment expenses except business lunches.

Please hit like. In case of doubts, please comment.