Dennis, the owner of Dennis Company, incurs the following expenses while away from home on a 3-week business trip during 2016:
In addition to the above expenses, Dennis incurred the following expenses for a weekend sightseeing trip to Washington D.C.:
Calculate the amount Dennis may deduct for 2016 as travel expenses for the trip.
Calculate the amount Dennis may deduct for 2016 as entertainment.
Calculate the amount Dennis may deduct for 2016 as business gifts.
Correct Answer:
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