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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David Feherty. David Feherty (born 13 August 1958) is a former professional golfer on the European Tour and PGA Tour. Since retiring, he has worked as a television personality; from 1997 through 2015, Feherty served as an on-course reporter for the PGA Tour on CBS.