Tracy, the Regional Sales Director for a Manufacturer of Exercise

question 2

Multiple Choice

Tracy, the regional sales director for a manufacturer of exercise equipment, pays $2,500 to rent a skybox for a visiting performance of the Harlem Globetrotters. The skybox holds 10 seats, and Tracy invites 7 clients to the event. Nonluxury seats range in price from $80 to $120. The refreshments provided during the event cost $600. If Tracy meets all of the requirements for deductibility (i.e., business discussion, substantiation) , she may deduct:

• A)$900.
• B)$1,100.
• C)$1,260.
• D)$1,500.
• E)$1,550.

---

Definitions:

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Teleprompter Speed

The rate at which text scrolls on a teleprompter, critical for allowing speakers or broadcasters to deliver scripted messages comfortably and naturally.

Recurring Depression

A mental health disorder characterized by repeated episodes of depression, where individuals experience persistent sadness, loss of interest in activities, and other depressive symptoms.

Presidential Terms

The periods during which a president serves in office, usually fixed by the constitution or law of a country, often lasting 4 or 6 years.