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The ceo paid 1220 for an expensive dinner and spent 600 for

Question - Werner is the president and CEO of ACME, Inc. and this year he took a prospective client to dinner. During the dinner the President and the client discussed a proposed contract for over $6 million and personal matters. After dinner the CEO took the client to a football game and no business was discussed. The CEO paid $1220 for an expensive dinner and spent $600 for the game. What is the deductible amount of these expenses?

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Accounting Basics: The ceo paid 1220 for an expensive dinner and spent 600 for

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