The Pierce Trust incurred the following items during the year. Taxable interest received $300,000 Tax-exempt...
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Accounting
The Pierce Trust incurred the following items during the year. Taxable interest received $300,000 Tax-exempt interest received 200,000 Charitable gift paid 60,000 Tax preparation fees paid 6,000 What is the Trust's deduction for the tax preparation fees?
$0.
$2,400.
$3,600.
$3,857
$6,000.
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