Joe Is a Self-Employed Tax Attorney Who Frequently Entertains His

question 47

Multiple Choice

Joe is a self-employed tax attorney who frequently entertains his clients at his country club.Joe's club expenses include the following: $$\begin{array} { | l | r | } \hline \text { Annual dues } & \$ 5,400 \\\hline \text { Golfing fees with clients } & 1,200 \\\hline \text { Charges for personal meals with his family } & 3,100 \\\hline \text { Meal charges related to hosting meetings with clients } & 4,000 \\\hline\end{array}$$ Assuming proper documentation is maintained,Joe may deduct

• A)$2,000.
• B)$2,600.
• C)$5,300.
• D)$4,000.

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Definitions:

Deadline

The latest time or date by which a task, project, or deliverable must be completed.

Capacity Shortage

The lack of sufficient production or service capability to meet customer demand.

Productivity

The effectiveness of productive effort, measured in terms of the rate of output per unit of input, often used to gauge the efficiency of an organization or industry.

Backup Source

An alternative or secondary supplier, system, or method available in case the primary option fails, to ensure continuity.