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

question 93

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. Which is not deductible in any amount?
1) Dinner with a potential client where the client's business was discussed.
2) A trip to Houston to negotiate a contract.
3) A seminar in Houston on new developments in the software industry.
4) A trip to New York to visit a school chum who is also interested in computers.


Definitions:

History of Life

The record of the existence and evolution of living organisms through geological time as interpreted from fossils and biological evidence.

Management Function

A set of core tasks or responsibilities such as planning, organizing, leading, and controlling aimed at effectively running an organization.

Planning

Planning is the process of setting goals, defining strategies, and outlining tasks and schedules to achieve desired outcomes, serving as a roadmap for future actions.

Organising

The process of assigning tasks, allocating resources, and arranging activities to implement plans.

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