FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Problem 9-29 (LO. 5) During 2021, José, a self-employed technology consultant, made gifts in the following amounts: To Haley (José's personal assistant) at Christmas $36 To Darryl (a key client)-$3 was for gift wrapping 53 To Darryl's wife (a homemaker) on her birthday 20 To Veronica (José's office manager) at Christmas 30 In addition, on professional assistants' day, José takes Haley to lunch at a local restaurant at a cost of $82. Presuming that José has adequate substantiation, how much can he deduct? Do not round intermediate computations. If required, round your final answer to the nearest cent.
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Transcribed Image Text:Problem 9-29 (LO. 5) During 2021, José, a self-employed technology consultant, made gifts in the following amounts: To Haley (José's personal assistant) at Christmas $36 To Darryl (a key client)-$3 was for gift wrapping 53 To Darryl's wife (a homemaker) on her birthday 20 To Veronica (José's office manager) at Christmas 30 In addition, on professional assistants' day, José takes Haley to lunch at a local restaurant at a cost of $82. Presuming that José has adequate substantiation, how much can he deduct? Do not round intermediate computations. If required, round your final answer to the nearest cent.
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