Ralph invited a potential client to dinner and the theatre. Ralph paid $250 for the dinner and $220 for the theatre tickets in advance. They first went to dinner and then they went to the theatre. a. What amount can Ralph deduct if, prior to the dinner, he met with the potential client to discuss future business prospects? b. What amount can Ralph deduct if he and the client only discussed business during the course of the dinner?
c. What amount can Ralph deduct if he and the potential client tried to discuss business during the course of the theatre performance but did not discuss business at any other time?
What amount can Ralph deduct if the potential client declined Ralph’s invitation, so Ralph took his accountant to dinner and the theatre to reward his accountant for a hard day at work? At dinner, they discussed the accountant’s workload and upcoming assignments.
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