Which of the following expenses are completely deductible?
A) $1,000 spent on compensating your brother for a personal expense.
B) $50 spent on meals while traveling on business.
C) $2,000 spent by the employer on reimbursing an employee for entertainment.
D) All of these expenses are fully deductible.
E) None of these expenses can be deducted in full.

Question

Quizplus · Accepted Answer

Business meals are only 50% deductible and entertainment is not deductible.

Which of the Following Expenses Are Completely Deductible