Jordan is a self-employed tax attorney who frequently entertains his clients at his country club. Jordan's club expenses include the following: $\$ 6,000$ Annual dues
1,000 Initiation fees
2,000 Charges for personal meals with his family
4,000 Meal and entertainment related to business What can Jordan deduct for his use of the country club?

Question

Quizplus · Accepted Answer

Jordan can only deduct the $4,000 for meals and entertainment related to business, but due to tax law limitations, only 50% of these expenses are deductible, resulting in a $2,000 deduction. The annual dues, initiation fees, and personal meals are not deductible.

Jordan Is a Self-Employed Tax Attorney Who Frequently Entertains His $6,000\$ 6,000$6,000

Jordan Is a Self-Employed Tax Attorney Who Frequently Entertains His $\$ 6,000$