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    Exam 9: Deductions: Employee and Self-Employed-Related Expenses
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    On Their Birthdays, Lily Sends Gift Certificates (Each Valued at $25)
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On Their Birthdays, Lily Sends Gift Certificates (Each Valued at $25)

Question 43

Question 43

True/False

On their birthdays, Lily sends gift certificates (each valued at $25) to Caden (a key client) and to each of Caden's two minor children. Lily can deduct only $25 as to these gifts.

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