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John Is a Self-Employed Computer Consultant Who Lives and Works

question 31

Multiple Choice

John is a self-employed computer consultant who lives and works in Dallas. John paid for thefollowing activities in conjunction with his business. Which is not deductible in any amount?
•Dinner with a potential client where the client's business was discussed.
• A trip to Houston to negotiate a contract.
•A seminar in Houston on new developments in the software industry.
•A trip to New York to visit a school chum who is also interested in computers.


Definitions:

Cloud-Hosted Resources

Services, applications, or data storage facilities that are provided and accessed over the internet and maintained on remote servers.

B2B Transactions

Business-to-business dealings that involve the exchange of goods, services, or information between companies rather than between companies and consumers.

Chemical Supply Company

A business that specializes in the distribution of chemicals for industrial, research, or consumer use.

Web Developer

A professional who specializes in the development of applications and solutions for the Internet, ranging from websites to services accessed via web browsers.

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