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    Exam 9: Deductions: Employee and Self-Employed-Related Expenses
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    As Christmas Presents, Lily Sends Gift Certificates (Each Valued at $25)
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As Christmas Presents, Lily Sends Gift Certificates (Each Valued at $25)

Question 87

Question 87

True/False

As Christmas presents, Lily sends gift certificates (each valued at $25) to Caden (a key client) and to each of his two minor children.Lily can deduct $75 (3 ´ $25) as to these gifts.

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