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Toronto Area. FFI has a December 31 year end. FFI incurred the following selected expenditures during the current year: [ $6,000 for hockey tickets used

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Toronto Area. FFI has a December 31 year end. FFI incurred the following selected expenditures during the current year: [ $6,000 for hockey tickets used by salespeople to entertain new and existing corporate clients of FFI [ $13,000 for food and drink relating to FFI's annual staff party for all of its employees [ $50,000 for fitness equipment purchased on January 1 of the current year Based only on the information provided above, which of the following is the maximum allowable deduction in computing net income/taxable income for FFI for the current year? Question 10 options: " a) $24,500 ( b) $31,000 c) $34,000 $26,000

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