H Inc. incurred (and paid) the following expenses in the current year: $4,000 for hockey tickets to
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Question:
H Inc. incurred (and paid) the following expenses in the current year: $4,000 for hockey tickets to entertain customers, $12,000 for permanent landscaping on the head office grounds, and $2,000 broker's fee to purchase publicly traded securities. Determine the amount that H's net income for tax purposes will decrease in the current year due to these expenses.
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