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How much can he deduct

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Problem - During the current year, Paul, the vice president of a bank, made gifts in the following amounts:

To Sarah (Paul's personal assistant) at Christmas $36

To Darryl (a key client)-$3 was for gift wrapping 53

To Darryl's wife (a homemaker) on her birthday 20

To Veronica (Paul's boss) at Christmas 30

In addition, on professional assistants' day, Paul takes Sarah to lunch at a cost of $82. Presuming that Paul has adequate substantiation and is not reimbursed, how much can he deduct?

Reference no: EM132667791

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