Essay
For the current football season, Tern Corporation pays $40,000 for a skybox (containing 12 seats) at Veterans Stadium for eight home games. Regular nonskybox seats at each game range from $120 to $150 a seat. In November, a Tern employee and ten clients use the skybox to attend a game. The event is preceded by a bona fide business discussion, and Tern spent $1,000 for food and drinks during the game. What is Tern's deduction?
Correct Answer:
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$1,400. (12 seats × $150) + $1,000 = $2,...View Answer
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