Manny hired his brothers firm to provide accounting services to his business. During the current...
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Accounting
Manny hired his brothers firm to provide accounting services to his business. During the current year, Manny paid his brothers firm $82,000 for services even though other firms were willing to provide the same services for $40,000. How much of this expenditure, if any, is deductible as an ordinary and necessary business expenditure?
deductible ammount : $ ?
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