Business, 26.11.2019 06:31 davidleew24

During the current year, ashley corporation charged the following payments to
miscellaneous expense:

travel expense of $300 for the company president to offer
voluntary testimony at the state capital against proposed
legislation regarded as unfavorable to its business
christmas gifts to 20 customers at $75 each
contribution of $600 to local political candidate

the maximum deduction that ashley can claim for these payments is
a. $800
b. $1,400
c. $1,800
d. $2,400

Answers: 1

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During the current year, ashley corporation charged the following payments to
miscellaneous ex...