During the Current Year Holiday Season, Bob, a Barber, Gave

During the current year holiday season, Bob, a barber, gave business gifts to 34 customers.The values of the gifts, which were not of a promotional nature, were as follows:10 at $10 each8 at $25 each8 at $50 each8 at $100 eachFor the current year, what is the amount of Bob's business gift deduction?

A) $0
B) $700
C) $850
D) $1,500
E) None of the above

Correct Answer:

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