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What is the total deductible amount of the expenditures

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Problem 1: Minerva operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her talent agency. What is the total deductible amount of these expenditures?

$1,000 dinner and theater with a film producer where no business was discussed$500 lunch with sister Nicky where no business was discussed$700 business dinner with a client but Minerva forgot to keep any records (oops!)$900 tickets to the opera with a client following a business meeting

Reference no: EM132737404

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