11.Bonnie owns a hardware store. During the year, Bonnie gives business gifts having the indicated costs to the following individuals: Mrs. Johnson (a customer) $37 plus $3 for shipping. Mr. Johnson, (non client husband of Mrs. Johnson) $10 Ms. Doncan (a customer) $22 What is the amount of Bonnie's deduction for business gifts?
11.Bonnie owns a hardware store. During the year, Bonnie gives business gifts having the indicated costs to the following individuals: Mrs. Johnson (a customer) $37 plus $3 for shipping. Mr. Johnson, (non client husband of Mrs. Johnson) $10 Ms. Doncan (a customer) $22 What is the amount of Bonnie's deduction for business gifts?
Chapter3: Business Income And Expenses
Section: Chapter Questions
Problem 22MCQ
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11.Bonnie owns a hardware store. During the year, Bonnie gives business gifts having the indicated costs to the following individuals:
Mrs. Johnson (a customer) $37 plus $3 for shipping.
Mr. Johnson, (non client husband of Mrs. Johnson) $10
Ms. Doncan (a customer) $22
What is the amount of Bonnie's deduction for business gifts?
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