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Sally and Martha are tax accountants sharing an office in San Diego. Every year they attend the special Tax Planning Forum in Las Vegas put on by nationally renowned experts. The Forum lasts for two days. One evening Sally and Martha attend a show and another evening they had a $10 loss gambling on the nickel slot machines. Their expenses are as follows: Airfare = $ 200; Hotel = $300; Meals = $150; Seminar registration = $1,000; Tickets to show = $100; Gambling loss = $10. find out the firm's educational expense deduction for the current year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947678

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