Mallard Corporation pays for a trip to Aruba for its two top salespersons.This expense is subject to the overall limitation (50%).

Question

Quizplus · Accepted Answer

Entertainment expenses, including trips for employees that are primarily for leisure, are generally not deductible under the Tax Cuts and Jobs Act of 2017. The 50% limitation typically applies to business meals, not entertainment expenses.

Mallard Corporation Pays for a Trip to Aruba for Its