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Which of the following statements about business gift deductions is not true? A taxpayer can provide two gifts to a client during the year and
Which of the following statements about business gift deductions is not true?
A taxpayer can provide two gifts to a client during the year and the maximum deduction is $50.
Reasonable shipping costs do not count toward the $25 business gift limit.
Employee gifts for a significant number of years of service can exceed $25 and remain deductible.
A holiday gift from an employee to their supervisor is a non-deductible personal expense.
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