Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $340 for the meal and separately paid $230 for the theater tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can Holly deduct as a business expense?
A) $570
B) $285
C) $170
D) $115
E) None-the meals and entertainment are not deductible except during travel.
Correct Answer:
Verified
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