6. An employee can only deduct meal and entertainment expenses if the expenses are: A....
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6. An employee can only deduct meal and entertainment expenses if the expenses are: A. Less than fifty percent of the employer's total meal expense for the year B. Equal to or less than fifty percent of the employer's total meal expense for the year C. Spent solely on other employees of the employer D. Reimbursed by the employer E. None of the above 7. Which of the listed IRC 212 related expenses are deductible for AGI? If either all are deductible for AGI or none are deductible for AGI, select from Answers D or E. A An investor's safe deposit box rentals B Investment counseling fees paid by an individual C Rent expenses of a landlord D All of the listed expenses are deductible for AGI E None of the listed expenses are deductible for AGI 6. An employee can only deduct meal and entertainment expenses if the expenses are: A. Less than fifty percent of the employer's total meal expense for the year B. Equal to or less than fifty percent of the employer's total meal expense for the year C. Spent solely on other employees of the employer D. Reimbursed by the employer E. None of the above 7. Which of the listed IRC 212 related expenses are deductible for AGI? If either all are deductible for AGI or none are deductible for AGI, select from Answers D or E. A An investor's safe deposit box rentals B Investment counseling fees paid by an individual C Rent expenses of a landlord D All of the listed expenses are deductible for AGI E None of the listed expenses are deductible for AGI
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