Lexus are makers of luxury cars, while Hyundai manufactures mid-level utility cars. Both Lexus

The most widely read portions of a report are generally the sections devoted to the __________.

a. table of contents and introduction b. conclusions and recommendations c. executive summary and letter of transmittal d. appendixes and bibliography

Which of the following is a true statement?

A. Meals are never deductible as a business expense. B. An employer can only deduct half of any meals provided to employees C. The cost of business meals must be reasonable D. A taxpayer can only deduct a meal for a client if business is discussed during the meal. E. None of these is true.