11.A taxpayer is claiming tax preparation expense as a legal and professional fee.  They paid $430 at your office last year.  The forms breakdown by cost is as follows:  Form 1040- $100  Form Sch. C- $125  Form SE- $55  Form 8867- $75  Form 8863- $75  What is the correct amount that can be deducted on their Schedule C for the current year?  Choose one answer.   a. $280     b. $180     c. $355     d. $430

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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11.A taxpayer is claiming tax preparation expense as a legal and professional fee.  They paid $430 at your office last year.  The forms breakdown by cost is as follows: 

Form 1040- $100 
Form Sch. C- $125 
Form SE- $55 
Form 8867- $75 
Form 8863- $75 

What is the correct amount that can be deducted on their Schedule C for the current year? 

Choose one answer.
  a. $280  
  b. $180  
  c. $355  
  d. $430
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