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How much can Jackie deduct from these expenses

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Question - Jackie owns a temporary employment agency that hires personnel to perform accounting services for clients. During the year, her expenses for her clients include the following:

Cab fare to and from restaurants $520

Gratuity at restaurants 470

Meals 4,850

Cover charges 420

Jackie also held a holiday party for her employees, which cost $1,840. All expenses are reasonable.

Required -

1. How much can Jackie deduct from these expenses?

2. How is the deduction classified?

Reference no: EM133052595

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