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Problem 11-25 (Algorithmic) (LO. 3) During the current year, Paul, the vice president of a bank, made gifts in the following amounts: $41 28 10
Problem 11-25 (Algorithmic) (LO. 3) During the current year, Paul, the vice president of a bank, made gifts in the following amounts: $41 28 10 To Sarah (Paul's personal assistant) at Christmas To Darryl (a key client)-$3 was for gift wrapping To Darryl's wife (a homemaker) on her birthday To Veronica (Paul's boss) at Christmas In addition, on professional assistants' day, Paul takes Sarah to lunch at a cost of $85. Presuming that Paul has adequate substantiation and is not reimbursed, how much can he deduct? Do not round intermediate computations. If required, round your final answer to the nearest cent
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