Waldo bought two tickets for a Packers game on Ebay for $400.The tickets had a face value of $50 each.He took a client to the game and they had a dinner afterwards where they discussed business.The cost of the dinner was $70.What is Waldo's deduction for these expenses?
A)$470
B)$235
C)$170
D)$85

Question

Quizplus · Accepted Answer

Waldo can deduct 50% of the meal cost ($70), which is $35. The tickets are considered entertainment expenses and are not deductible. Therefore, the total deduction is $35.

Waldo Bought Two Tickets for a Packers Game on Ebay