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Bill Jackson a CPA and a Junior Partner in the CPA firm, gave the following gifts during the year: Julia, His personal assistant, 5 gifts

Bill Jackson a CPA and a Junior Partner in the CPA firm, gave the following gifts during the year:

Julia, His personal assistant, 5 gifts of $50 = $250

Harry, the Managing Partner in the firm, Gift Card to Saks Fifth Ave $125

Jerry , "20 Year Achievement Award" in the firm $350 (Plaque & Gift Card in the Ceremony)

4 Clients ($30 each) $120

Incidental Gift Boxes & Wrapping Paper for above $10

REQUIRED: Compute the Amount of 2020 Business Gifts that Bill Jackson, CPA could deduct.

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