Jiggs is actively engaged in the oil business. During the year he made several trips...
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Jiggs is actively engaged in the oil business. During the year he made several trips to inspect oil wells. As a result of his business trips he incurred the following expenses.
Transportation costs $4,000, Hotels $1,000, Meals $600, Entertainment $500, Consulting fees $600, and lobbying fees $1,800.
What amount can Jiggs, claim as deductible expenses?
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