Problem $9-45($LO $9-1)($Algo$)$

Manny hired his brother's firm to provide accounting services to his business. During the current year, Manny paid his brother's firm $$104,000$ for services even though other firms were willing to provide the same services for $$84,000.$ How much of this expenditure, if any, is deductible as an ordinary and necessary business expenditure?

Deductible amount