Ray, owner of an recruiting agency, routinely entertains prospective business clients at the country club he belongs to. How much of the $20,000 annual country club dues can he deduct as a business expense in 2018?
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Question 2 of 2
2. Question
What percent of the 2018 expenses for food and beverages, if any, paid by a taxpayer in conducting his business is generally tax-deductible?