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Under the deemed substantiation method of accounting for expenses, what is the maximum amount taxpayers are allowed as a deduction without being required to substantiate
Under the deemed substantiation method of accounting for expenses, what is the maximum amount taxpayers are allowed as a deduction without being required to substantiate the amount of the expenses?
a. The appropriate Federal per diem amount.
b. $75 per day.
c. All expenses up to $25 per day.
d. The per diem rate established by the state in which they live.
e. None of the above.
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