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compensated employees. Peach, Inc., incurred the following expenses during 2019: Meals with potential customers at various restaurants $ 20,000 Theater tickets and green fees for activities immediately preceding or following business meals 24,000 Rental of a luxury box at the baseball stadium for entertaining clients 30,000 Memberships in various country clubs and golf clubs 12,000 The costs of maintaining an on-site cafeteria where employees may dine for free so that they are accessible during the workday and can work during lunch 25,000 The costs of maintaining an on-site health facility so employees can work out before or after work or at lunch 27,000 The costs of an all-day summer party for employees and their families why this is deductible? 10,000 $148,000 Peach may deduct $32,500 of the above expenses (the $10,000 spent on the employee party as well as 50 percent of the $20,000 spent on business meals with potential customers and the $25,000 for the on-site cafeteria). No portion of the $24,000 spent on events preceding or following busi- ness meals, the $30,000 to rent the stadium box, the $12,000 spent on club dues, or the $27,000 maintaining the health facility are deductible. 5-3i Other Disallowance Possibilities Other expenditures that are not deductible include capital expenditures and expendi-

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