Note allowed exercise 6 30 algorithmic lo 3 printer

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*Note: 100%-60% = 40% allowed.
Exercise 6-30 (Algorithmic) (LO. 3)Printer Company pays a $21,500 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. Printer's total deductible expenses for tax purposes is $
b. Assume the same facts as above, except that the $21,500 was incurred for in-house lobbying expenses. Printer's total deductible expense for tax purposes is $

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