pregoaccounto
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Ralph made the following business gifts during the year:
To Robert (a key client) at Christmas $50
To Angel (Robert's 8 year old daughter on her birthday $20
To Art (Ralph's secretary) on his birthday ($3 was for gift wrap) $30
To Paige (Ralph's boss) at Christmas $40
Presuming proper substantiation, Ralph's deduction is:
a) 53
b) 73
c) 78
d) 98
To Robert (a key client) at Christmas $50
To Angel (Robert's 8 year old daughter on her birthday $20
To Art (Ralph's secretary) on his birthday ($3 was for gift wrap) $30
To Paige (Ralph's boss) at Christmas $40
Presuming proper substantiation, Ralph's deduction is:
a) 53
b) 73
c) 78
d) 98