Stork Associates paid $77,400 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $65 to $195 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event at a cost of $2,400. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated.
a. Stork can deduct $ for this event.
b. If there was no bona fide business discussion either preceding or after the event, there is and the deduction would be $.
Answers: 1
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Stork Associates paid $77,400 for a 20-seat skybox at Veterans Stadium for eight professional footba...
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