46. Ralph operates a business that acts as a sales representative for a large firm that produces and sells precious metals to electronic manufacturers. Ralph contacts manufacturers and convinces them to sign contracts for delivery of metals. Ralph earns a commission on the sales. This year, Ralph contacted a jeweler to engrave small lapel buttons for each of his clients. Ralph paid $20 each for the lapel buttons and the jeweler charged Ralph an additional $7 for engraving. The electronic manufacturers, however, prohibit their 2 employees from accepting gifts related to sales contracts. Can Ralph deduct the cost of the lapel buttons as business gifts

Ralph can deduct the cost of lapel buttons as business gifts.

Explanation:

Section 274b states that business gifts cannot exceed $25, but Section 1274-3c states that the cost of the gift can be accounted separately than incidental costs related to them. This means that Ralph can deduct $20 for each lapel button and the $7 of the engraving can be discounted separately. This is similar to discounting $25 for the cost of a gift and $2 for the wrapping costs.

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough