Maria has her own accounting practice in Thunder Bay, Ontario. During2020, she paid $1,650 to attend the

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Maria has her own accounting practice in Thunder Bay, Ontario. During2020, she paid $1,650 to attend the following two conventions: $500 for a 3-day convention on " Attracting new clients" held at Kelowna, B.C., and $750 for a 5-day convention on "IFRS implementation" held at Lake Louise, Alberta. Maria's business' maximum total deductible convention expense for tax purposes is:
$1,650
$1,250
$1,050
$825

Posted Date: Nov 24, 2021 10:29 PM

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Maria has her own accounting practice in Thunder Bay, Ontario. During2020, she paid $1,650 to attend the

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1st limit Only those paid for convention which are professionbusiness related 500 ... View the full answer

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