In 2024, the CEO of Crimson, Inc., entertains 5 clients at a skybox in Memorial Stadium for a single athletic event during the year.
Substantive business discussions occurred at various times during the event. The box costs $11,300 per event and seats 7 people. (The cost of a regular, nonluxury box seat at Memorial ranges from $75 to $150.) Refreshments served during the event cost $970.
How much of these costs may Crimson deduct?