Question: Problem 9-32 (Algorithmic) (LO. 5) During the current year, Paul, the vice president of a bank, made gifts in the following amounts: To Sarah (Paul's

Problem 9-32 (Algorithmic) (LO. 5)

During the current year, Paul, the vice president of a bank, made gifts in the following amounts:

To Sarah (Paul's personal assistant) at Christmas $51
To Darryl (a key client)$3 was for gift wrapping 36
To Darryl's wife (a homemaker) on her birthday 14
To Veronica (Paul's boss) at Christmas 25

In addition, on professional assistants' day, Paul takes Sarah to lunch at a cost of $85. Presuming that Paul has adequate substantiation and is not reimbursed, how much can he deduct?

Do not round intermediate computations. If required, round your final answer to the nearest cent. $fill in the blank 1

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