Deduct for this entertainment expense

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Reference no: EM131288751

Marino Corporation pays $6,500 to rent a 10-seat skybox for three football games to use for business entertainment at each game. The price for a regular non-luxury box seat at each game is $45.

How much can Marino Corporation deduct for this entertainment expense?

What is the Tax U.S Code section used?

Why this section?

Reference no: EM131288751

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Deduct for this entertainment expense : Marino Corporation pays $6,500 to rent a 10-seat skybox for three football games to use for business entertainment at each game. The price for a regular non-luxury box seat at each game is $45. How much can Marino Corporation deduct for this entertai..

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