Indicate the Proper Treatment in the Current Year for the Underlined

question 12

Multiple Choice

Indicate the proper treatment in the current year for the underlined amounts.Treat each item as an independent event.Indicate whether the amount is deductible or not;if deductible whether it is deductible FOR or FROM AGI;and indicate the amount of the deduction for the current year considering any relevant limitations.Assume the taxpayer has deductions greater than the standard deduction,has AGI of $69,000 without regard to the following transactions and has no "total" income limitations related to itemized deductions.
-Self-employed salesman spends $1,000 on "directly related" entertainment of his customers.Amount: $500

• A)Not Deductible
• B)Deductible - For AGI
• C)Deductible - From AGI

---

Definitions:

Followers

Individuals who support and are guided by a leader, contributing to the achievement of the leader’s or group’s objectives.

Leaders

Individuals who guide, influence, or direct others towards achieving collective goals, often by inspiring or motivating them.

Burns

Often associated with burns transformational leadership theory, focusing on how leaders can inspire followers to achieve extraordinary outcomes.

Personal Power

The influence and authority a person has derived from their personal attributes or skills, rather than their formal position.