In 2020, Robert takes four key clients and their spouses out to dinner. Business discussions occurred...
In 2020, Robert takes four key clients and their spouses out to dinner. Business discussions occurred over dinner. Expenses were $700 (drinks and dinner) and $140 (tips to servers). If Robert is self-employed, how much can he deduct for this event?
Homework Answers
Answer. $140
A self employed person is one who manages and operates business operations on its own.
If Robert is self employed he can deduct $140 (tips to servers) as he can serve food himself without asking any tip. But the cost of drink and dinner have to be charged.
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