Business Gifts (LO 3.9)

Sam owns an insurance agency and makes the following business gifts during the year.

Calculate Sam's deduction for business gifts.

If an amount is zero, enter "0".

Item	Donee	Amount	Amount Allowed
1.	Ms. Sears (a client)	$35, plus $4 shipping	$____
2.	Mr. Williams (a tennis partner, not a business prospect or client)	55	0
3.	Mr. Sample (a client) received $22 and Mrs. Sample (nonclient spouse of Mr. Sample) received a gift valued at $20	42	_____
4.	Various customers (calendars costing $3 each with the company name on them)	300	300
5.	Mr. Shiver (an employee gift, a watch, for 25 years of continuous service)	175	_____
Total	Total business gift deduction		$____