Girard Is a Self-Employed Marketing Consultant Who Spends Significant Time

Girard is a self-employed marketing consultant who spends significant time entertaining potential customers.He keeps all the appropriate records to substantiate his entertainment.He has the following business-related expenses in the current year. $$\begin{array} { l r } \text { Business meals } & \$ 7,000 \\\text { Tickets to baseball games } & 500 \\\text { Tickets to football games } & 500 \\\text { Yacht maintenance (the yacht is all business use) } & 6,000\end{array}$$ What is the tax deductible entertainment expense Girard may claim in the current year? On which tax form should he claim the deduction?

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$3,500.Girard may deduct 50 pe...

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