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With Respect to Sales Reps' Expenses,the Federal Income Tax Law

Question 70

Multiple Choice

With respect to sales reps' expenses,the federal income tax law:


A) No longer requires substantiation of entertainment expenses.
B) Limits the deductible cost of gifts to $25 a year to any one recipient.
C) Prohibits a company from using some types of transportation.
D) Does not apply if the company equitable reimburses its sales reps.
E) None of these is true.

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