Ronald runs his own public relations business. During the year he incurred the following expenses: (a) salary costs of $350,000; (b) travel expenses of $7,000 for travel between home and work; (c)...

Ronald runs his own public relations business. During the year he incurred the following expenses:

• (a) salary costs of $350,000;


• (b) travel expenses of $7,000 for travel between home and work;


• (c) travel expenses of $3,000 for travel from a client's premises to his home;


• (d) $1,500 on a new suit to impress his clients;


• (e) $700 on membership of the local sports club where he entertains clients;


• (f) $8,000 in meal expenses on entertaining clients.

Required:

State whether the above would be allowed as allowable deduction against assessable income. Provide a justification for your argument based on statute and case law