Paris operates a talent agency as a sole proprietorship,and this year she incurred the following expenses in operating her talent agency.What is the total deductible amount of these expenditures? $1,000 dinner with a film producer where no business was discussed.
$500 lunch with sister Nicky where no business was discussed.
$700 business dinner with a client but Paris forgot to keep any records (oops!) .
$900 tickets to the opera with a client following a business meeting.
A) $450.
B) $900.
C) $1,100.
D) $1,200.
E) $800.
Correct Answer:
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