Marco makes the following business gifts during the year:
$\begin{array}{ll}
\text { Miss Scarlett (a potential client) } & \$ 35 \
\text { Mr. and Mrs. White (both are clients) } & \$ 40 \
\text { Professor Plum (a client) } & \$ 18 \
\text { Mrs. Plum (the nonclient wife of Professor Plum) } & \$ 10 \
\text { Charles Mustard (Marco's boss) } & \$ 22
\end{array}$ Marco also spent $10 on wrapping paper and a card for the above gift to the Whites.
Calculate Marco's total allowed deduction for gifts.

Question

Marco makes the following business gifts during the year:
 $\begin{array}{ll}
\text { Miss Scarlett (a potential client) } & \$ 35 \
\text { Mr. and Mrs. White (both are clients) } & \$ 40 \
\text { Professor Plum (a client) } & \$ 18 \
\text { Mrs. Plum (the nonclient wife of Professor Plum) } & \$ 10 \
\text { Charles Mustard (Marco's boss) } & \$ 22
\end{array}$ Marco also spent $10 on wrapping paper and a card for the above gift to the Whites.
Calculate Marco's total allowed deduction for gifts.

Quizplus · Accepted Answer

The Answer of Marco makes the following business gifts during the year:
 $\begin{array}{ll}
\text { Miss Scarlett (a potential client) } & \$ 35 \
\text { Mr. and Mrs. White (both are clients) } & \$ 40 \
\text { Professor Plum (a client) } & \$ 18 \
\text { Mrs. Plum (the nonclient wife of Professor Plum) } & \$ 10 \
\text { Charles Mustard (Marco's boss) } & \$ 22
\end{array}$ Marco also spent $10 on wrapping paper and a card for the above gift to the Whites.
Calculate Marco's total allowed deduction for gifts.

Marco Makes the Following Business Gifts During the Year Marco Also Spent $10 on Wrapping Paper and a Card