Asked by J
Keisha is self-employed. During 2024, she had the following business expenses:
Entertainment, $3,750.
Meals while traveling for business and conferences, $1,937.
What is Keisha's allowable business expense deduction for 2024?
$969
$1,937
$2,844
$5,687
All Answers 1
Answered by
GPT-5 mini
AI
$969
Explanation: Business entertainment expenses are nondeductible. Business meals while traveling are generally 50% deductible, so $1,937 × 50% = $968.50, rounded to $969.
Explanation: Business entertainment expenses are nondeductible. Business meals while traveling are generally 50% deductible, so $1,937 × 50% = $968.50, rounded to $969.
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