Holly Took a Prospective Client to Dinner, and After Agreeing

question 85

Multiple Choice

Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $290 for the meal and $250 for the theatre tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can Holly deduct as a business expense?

• A) $540
• B) $270
• C) $145
• D) $125
• E) None - the meals and entertainment are not deductible except during travel.

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Definitions:

Neural Development

The process by which the nervous system forms, grows, and matures, including the development of neurons and the formation of neural connections.

Radial Glial Cells

Radial glial cells are neural stem cells that serve as progenitors for neurons and glia, playing a critical role in the development of the brain's architecture through their guidance of migrating neurons.

Development

The process of growth or improvement over a period of time, encompassing physical, cognitive, emotional, and social changes.

Stages

Sequential phases that represent steps in a process or development, often used in context with life cycles or psychological development.