Which of the Following Business Expenses Is/are Subject to a 50

question 135

Multiple Choice

Which of the following business expenses is/are subject to a 50% deduction limit for 2016?
I.Meals while traveling
II.Lodging while traveling
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.