In Order to Deduct a Portion of the Cost of a Business

question 80

Multiple Choice

In order to deduct a portion of the cost of a business meal which of the following conditions must be met?

• A) A client (not a supplier or vendor) must be present at the meal.
• B) The taxpayer or an employee must be present at the meal.
• C) The meal must occur on the taxpayer's business premises.
• D) None of these is a condition for a deduction.
• E) All of these are conditions for a deduction.

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Definitions:

Outright Deceive

To mislead or trick someone without any form of concealment or subtlety.

Relational Dissolution

is the process of ending or terminating a personal relationship between individuals.

Intrapsychic Phase

A stage in the deterioration of relationships focusing on personal reflection about the relationship and consideration of the disadvantages of one's partner, leading to internal conflict.

Emotions Bottled

The act of suppressing or holding back one's emotions instead of expressing them, often leading to increased stress or emotional outbreaks later.