Business, 18.03.2021 01:10 starwarsfan392

Stork Associates paid $61,800 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $75 to $225 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event at a cost of $3,000. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated. Required:
a. Stork can deduct $ for this event.
b. If there was no bona fide business discussion either preceding or after the event, there is and the deduction would be $.

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Stork Associates paid $61,800 for a 20-seat skybox at Veterans Stadium for eight professional footba...

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