6. Anie gave each of her clients a birthday gift this year. She has a total of 35 clients. She spent exactly $48 on each cient. At Christmas, she gave her top 10 clients a gift valued at $85 each. What is her allowable deduction? a) S 875 b) $1,265 c) $1,680 d) $2,530 7. Rick is an insurance sales man who often entertains prospective clients and claims the expenses on his tax return Which of the following is incorrectly listed as information Rick should keep regarding his business entertainment expenses? a) Amount paid Time, date, place and people who were present b) c) Purpose of business discussion or nature of business benefit expected to be derived d) Estimated revenue expected from each business prospect 8. During 2016, Jessica has the following unreimbursed employee business expenses: Business mileage Business meals Tolls Gas Parking Business long distance calls Gifts for clients 7,433 miles (7,433 x 54 $4,014) $ 952 ($952 x 50%;$476) $ 65 $1,437 $ 98 125 $ 45 per gift for 27 clients ($25 x 27 $1,112 ($1,112 x 50%= $556) $675) Calculate Jessica's business expense deduction prior to the 2% limit. (Round to nearest dollar.) a) $7,446 b) $7,158 c) $5,846 d) $6,009 9. Charlene had the following expenses. Which would be disallowed as a deduction? a) Attorney's fees to collect pay from a former employer of $1,000 b) Custodial fees to maintain her investment funds of $245 c) Administrative fees for a trust of $250 d) Funeral expenses of $8,985 10. Corey had the expenses isted below. Calculate the amount he is entitled to deduct on line 27, Schedule A. (His AGI is $35,985.) Investment account custodial fees Safe deposit box rental (contains stocks) Investment counselor fees Appraisal fees paid for a jewelry collection $1,575 S 35 s 780 380 a) $2,770 b) $2,390 c) $2,050 d) $1,670