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Pat,an Insurance Executive,contributed $1,000,000 to the Reelection Campaign of Governor

Question 107

Multiple Choice

Pat,an insurance executive,contributed $1,000,000 to the reelection campaign of Governor Stephens,in hopes that Stephens will appoint her to a coveted position on the State Board of Insurance.How much of the contribution can Pat deduct?


A) $0
B) $100,000
C) $500,000
D) $1,000,000

Correct Answer:

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