Indicate the adjustment amount required in calculating business income for tax purposes with respect to the following
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Question:
Indicate the adjustment amount required in calculating business income for tax purposes with respect to the following accounting deductions. Show by way of 0 any item that does not require adjustment.
1) $25,000 business premises landscaping costs
2) $161,500 executive golf club membership fees
3) $49,500 client meals & entertainment at golf club
4) $31,250 volume rebates & purchase discounts
5) $184,000 interest cost on income taxes payable
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