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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3. pikey. Originally a harmless slang name for a gypsy and/or traveller, being derived from the word 'turnpike.'. Now generally regarded as a term of abuse that encompasses any persons perceived as common, tasteless, flashy, in-bred, thieving and a whole host of other sins, the primary term is till applied to gypsies.he Pikey: NOT A CHAV/TOWNIE-A totally different type of cretin. A pikey is someone of dubious origin who would like to be known as a traditional happy-go-lucky romany type, but in reality is an illiterate thieving bastard who would stoop to previously unheard of depths in an attempt to 'earn' money.