Acme Corporation had the following expenses:
1. 1,000 pads of paper embossed with the company logo to hand out at the Big Time Convention $ 700
2. Display racks to use at the convention center 200
3. An all-expense vacation for Susie's 25 years of service awarded under a qualified plan 2,500
4. A golden cone to recognize Wayne's on the job safety record 320
Acme has a qualified plan for the job awards. Calculate Acme's total deductions for the above expenses.

Question

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The Answer of Acme Corporation had the following expenses:
1. 1,000 pads of paper embossed with the company logo to hand out at the Big Time Convention $ 700
2. Display racks to use at the convention center 200
3. An all-expense vacation for Susie's 25 years of service awarded under a qualified plan 2,500
4. A golden cone to recognize Wayne's on the job safety record 320
Acme has a qualified plan for the job awards. Calculate Acme's total deductions for the above expenses.

Acme Corporation Had the Following Expenses