If an employee takes a customer to lunch and discusses business, can the employe

Q: If an employee takes a customer to lunch and discusses business, can the employe

Answer : D.Employees can deduct 50% of the entire cost. Explanation: According to IRS rules, if an employee takes a customer to lunch for discussing business related matters, then, employee can deduct 50% of the entire cost.

ID: 2336584 • Letter: I

Question

If an employee takes a customer to lunch and discusses business, can the employee deduct the cost of a meal? Explain.

Employees can deduct 50% of their own meals and entertainment that are business related but none of the cost of the customer's meal.

Employees can no longer deduct any portion of the cost of meals and entertainment.

Employees can deduct 50% of their own meals and entertainment that are business related as well as 100% of the cost of the customer's meal.

Employees can deduct 50% of the entire cost.

Explanation / Answer

Answer : D.Employees can deduct 50% of the entire cost.

Explanation: According to IRS rules, if an employee takes a customer to lunch for discussing business related matters, then, employee can deduct 50% of the entire cost.

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If an employee takes a customer to lunch and discusses business, can the employe

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