Example 1. You spend $200 for a business-related meal. If $110 of that amount is not allowable because it is lavish and extravagant, the remaining $90 is subject to the 50% limit. Your deduction cannot be more than $45 (50% Ã $90).
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To me, âwifeyâ ranks right up there with âbaby daddyâ on my list of Word Iâd Like To See Die A Quick Death. My buddy Chris posted this, âWifey is a term men use to keep women happy without putting any extra effort into the relationship.â BINGO! I think this is why I hate the term so much. Wifey means nothing. It sounds just close enough to âwifeâ to make a woman blush and feel like their relationship is something special. Now, I will admit, in some instances the relationship IS something special.