A Taxpayer Takes Six Clients to an NBA Playoff Game

question 159

True/False

A taxpayer takes six clients to an NBA playoff game.If all of the tickets (list price of $120 each) are purchased on the Internet for $1,800 ($300 each), only $150 ($300 ´ 50% cutback adjustment) per ticket is deductible.

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Definitions:

Training Manager

A professional responsible for overseeing the development, delivery, and assessment of training programs within an organization to enhance employee skills and performance.

Instructional Design Process

A systematic methodology for creating educational and training programs in a consistent and reliable fashion to improve learning and performance.