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