1. Annie gave each of her clients a birthday gift this year.She has a total of 35 clients.She spent exactly $48 on each client.At Christmas, she gave her top 10 clients a gift valued at $85 each.What is her allowable deduction?0
   

'13. Annie gave each of her clients a birthday gift this year. She has a total of 35 clients. She spent exactly 343 on each client. At Christmas, she gave her top 10 clients a gift valued at $55 each. What is her allowable deduction? a} 3 3?5 b} stzss c'J $1.630 d} $2530 Rich is an insurance salesman who often entertains prospective clients and claims the expenses on his tax retum. Which of the following is incorrectly listed as infon'nalion Rick should Item regarding his business entertainment expenses? a} Amount paid b} Time, dater place and people who were present c] Purpose of business discussion or nature of business benet expected to be derived d} Estimated rovenue expected from each business prospect During 211115r Jessica has the following unreimbursed employee business expenses: Business mileage 1435 miles {1453 x .54 = 54.314} Business meals 5 352 [$352 x 53% = $435] Tolls $ 55 Gas 31,45? Parking 35 93 Business long distance calls 3 125 Gifts for clients. 33 45 per gift for 2? clients [$25 3: 2? = SETS} Entertainment $1,112 l$1,112x5%=$553] Calculate Jessica's business expense deduction prior to the 2% limit. {Round to nearest dollar.) a} $1443 b} srnsa c] sss4a d} cocoa Charlene had the following expenses. Ill'lihich would be disallowed as a deduction? a} Attorney's fees to collect pay from a former employer of $1.333 b} Custodial mes to maintain her investment funds of 5245 c] Administrative fees for a bust of 5250 d} Funeral expenses of $3.335 Corey had the expenses listed below. Calculate the amount he is entitled to deduct on line 2?, Schedule A. [His A61 is 555.935.} Investment account custodial fees $1,5T5 Safe deposit box rental {contains stocks} 5 35 Investment counselor fees 35 T33 Appraisal fees paid for a jewelry collection 5 533 a} 52.??0 b} $2.390 a] 52.350 d} stern