Illustrate what is amount of bob business gift deduction

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Reference no: EM13126292

During the 2011 holiday season, Bob, a barber, gave business gifts to 34 customers. The values of the gifts, which were not of a promotional nature, were as follows:

8 at $10 each
8 at $25 each
8 at $50 each
10 at $100 each

For 2011, what is the amount of Bob's business gift deduction?

Reference no: EM13126292

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