Food and beverage is deductible by fun company

Reference no: EM133612044

Question: Fun Company had two events this year in which they provided food and beverages: their summer picnic (spending $6,000) and their Christmas party (spending $4,000). Only employees were allowed to attend the Christmas party, but Fun Company's clients were also invited to the summer picnic. How much of the $10,000 expenditure for this food and beverage is deductible by Fun Company?

Reference no: EM133612044

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