Printer Company pays a $$25,000$ annual membership fee to a trade association for paper wholesalers. The trade association estimates that

$60\%$ of its dues are allocated to lobbying activities.

If amount is zero, enter, $"0".$

a$.$ What are Printer's total deductible expenses for tax purposes?

b$.$ Assume the same facts as above, except that the $$25,000$ was incurred for in$-$house lobbying expenses. What are Printer's total

deductible expenses for tax purposes?

EX$\mathrm{.}06-31$

Exercise $6-31($LO$.3)$

Stanford owns and operates two dry cleaning businesses. He travels to Boston to discuss acquiring a restaurant. Later in the month, he

travels to New York to discuss acquiring a bakery. Stanford does not acquire the restaurant but does purchase the bakery on November $1,$

Stanford incurred the following expenses:

If required, round any division to two decimal places and use in subsequent computation. Round your final answer to the

nearest dollar.

What is the maximum amount Stanford can deduct in $2023$ for investigation expenses?