Steven is a representative for a textbook publishing company.Steven attends a convention which will also be attended by many potential customers.During the week of the convention,Steven incurs the following costs in entertaining potential customers. 
Having recently been to a company seminar on the new tax laws,Steven makes sure that business is discussed at the various dinners,and that the entertainment is on the same day as the different dinners.Steven is reimbursed $2,000 by his employer under an accountable plan.Steven's AGI for the year is $50,000,and while he itemizes deductions,he has no other miscellaneous itemized deductions.What is the amount and character of Steven's deduction after any limitations?
Definitions:
SWOT Analysis
A strategic planning tool that identifies and evaluates the Strengths, Weaknesses, Opportunities, and Threats related to a project or business.
Capital Investments
Funds invested in a company or project for the purpose of furthering its business objectives, typically in physical assets like buildings or machinery.
Competitive Environment
describes the external factors that affect a firm's ability to compete in the market, including the number and capability of competitors.
Philanthropy
The act of donating money, goods, services, and time to support causes beneficial to the public good, often aimed at improving welfare and quality of life.
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