1- Peter, a car salesman, gave business gifts to 34 customers. The value of the gifts, which were of a personal nature, were as follows:

10 at $10 each

8 at $25 each

8 at $50 each

8 at $100 each

For the current year, what is the amount of Peter's business gift deduction ?

a-$700 b-$0 c-$850 d-$1,500 e-None of the above