A business expense that can be deducted from revenues that a business or sole proprietor earns for the purpose of calculating income tax. Unlike other business expenses, only 50 percent of travel and entertainment expenditures can be deducted from income taxes.
travel and entertainment expense - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"travel and entertainment expense." YourDictionary, n.d. Web. 11 October 2018. <http://www.yourdictionary.com/travel-and-entertainment-expense>.
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travel and entertainment expense. (n.d.). Retrieved October 11th, 2018, from http://www.yourdictionary.com/travel-and-entertainment-expense
