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

question 111

Multiple Choice

John is a self-employed computer consultant who lives and works in Dallas. John paid for the following activities in conjunction with his business. Whichof the following expenditures 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.

• A)1 only
• B)2 only
• C)3 only
• D)4 only
• E)None of the choices are correct.

---

Definitions:

Specie Circular

An 1836 executive order by President Andrew Jackson that required payment for government land to be in gold or silver, leading to a shortage of specie.

Gold or Silver

Refers to the historical debate and political movement in the late 19th century United States advocating for the free coinage of silver in addition to gold to expand the money supply.

Nullification Crisis

A political crisis in the early 1830s involving a confrontation between South Carolina and the federal government over the state's attempt to nullify federal tariffs.

Constitutional Validity

The legal status of a law, regulation, or action being in accordance with the constitution of a country or state, determining if it upholds the principles and rules of the constitution.