Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during 2021, jos, a self-employed technology consu

During 2021, Jos, a self-employed technology consultant, made gifts in the following amounts: ...

70.2K

Verified Solution

Question

Accounting

During 2021, Jos, a self-employed technology consultant, made gifts in the following amounts:

To Haley (Jos's personal assistant) at Christmas $59
To Darryl (a key client)$3 was for gift wrapping 28
To Darryl's wife (a homemaker) on her birthday 14
To Veronica (Jos's office manager) at Christmas 60

In addition, on professional assistants' day, Jos takes Haley to lunch at a local restaurant at a cost of $90. Presuming that Jos has adequate substantiation, how much can he deduct?

Do not round intermediate computations. If required, round your final answer to the nearest cent.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

A United Nations report shows the mean family income for Mexican migrants to the United States...

Chemistry
1.2K views

An aqueous solution containing 5.99 g of lead(II) nitrate is added to an aqueous solution containing...

Biology
1.2K views

Carbohydrates Importance Monomer/s: Polymers: Fun Fact: Lipids Importance: Monomer/s: Polymers/s: Fun Fact: Proteins Importance: Monomer/s: Polymer/s: Fun Facts: Nucleic Acids Importance: Monomer/s: Polymer/s: Fun Facts:

Psychology
1.2K views

What are the strengths and limitations of differential association theory and social learning theory?

Physics
1.2K views

6 The wave profile in Figure 15 shows several particles at t 0 The wave...

Physics
1.2K views

Suppose that a 38 7 kilogram mass is mounted on the end of a horizontal...

Statistics
1.2K views

The pie chart to the right shows how adults rate their financial shape Suppose 4...

Calculus
1.2K views

4 Find the value of a The dot represents the center of the circle a...

Algebra
1.2K views

6 5 4 3 2 1 f x 1 2 3 4 5 6 1...

Accounting
1.2K views

High Country, Inc., produces and sells many recreational products. The company has just opened a...

Accounting
1.2K views

can you tell me why bonds sould be reported a their discounted present value?

Accounting
1.2K views

the answer key is provided please show the formulas to solve the problems IN EXCEL...