Nicholas wanted to take an important customer to a hockey game.Although the face value of a ticket was only $50,the only way he could get tickets was by paying a scalper $160 for each ticket.Assuming all other deductibility requirements are met,how much can Nicholas deduct for each ticket?
A) $0
B) $25
C) $50
D) $80
E) $160
Correct Answer:
Verified
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