Donald operates an accounting firm and has an annual summer party for the employees and...
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Accounting
Donald operates an accounting firm and has an annual summer party for the employees and their families. He believes the party benefits his employees. The cost of the food and beverages served at the party is $4,000. Donald also pays a band $500 to play at the party. How much of the total cost can Donald deduct? A. $4,500 B. $2,000 C. $2,500 D. $- 0 - E. $4,000
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