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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Please help with question below. Please answer with backup of CFR's and or Regulations references. Thorough answer needed on word document. 9-60: Entertainment Expenses. Beach Corporation purchases tickets to sporting events and uses them to entertain customers. In the current year, Beach Corporation purchases the following tickets: 100 tickets to football games (face value of the tickets is $7,000) $10,000 A skybox rented for six NFL football games (seating capacity of the skybox is 20, and the highest price of a nonluxury box seat is $1,000) 30,000 What amount of the entertainment expenses is deductible in the current year?
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