Newark Marine Food Service (NMFS) sells hot lunches and snacks to the crews of ships that dock
Question:
Newark Marine Food Service (NMFS) sells hot lunches and snacks to the crews of ships that dock at the Port of Newark. According to custom, the officers of the visiting ships receive a five percent “commission” from all sales, so that NMFS can retain its “exclusive rights” to the seamen’s business. Are the commissions deductible by NMFS?
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Step by Step Answer:
The commission reduces sales as a cost of doing business They are not a nondeductible fine or bri...View the full answer
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Related Book For 
Federal Tax Research
ISBN: 9781285439396
10th Edition
Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill
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