During the 2015 holiday season, Bob, a barber, gave business gifts to 34 customers. The values of the gifts, which were not of a promotional nature, were as follows:
10 at $10 each
8 at $25 each
8 at $50 each
8 at $100 each
For 2015, what is the amount of Bob's business gift deduction?
A) $0
B) $700
C) $850
D) $1,500
E) None of the above
Correct Answer:
Verified
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