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Hawbacker, Inc. is in the manufacturing of medical supplies. The company is on a calendar year basis. Hawbacker, Inc. pays annual dues to a professional organization each April 1st of $8,000. The invoice notes that the membership fee is allocated for membership fees (75\%) and lobbying expenses (25\%). What are the total deductible expenses for Tax purposes? What the the total deductible expenses for GAAP purposes?.

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Hawbacker, Inc. is in the manufacturing of medical supplies. The company is on a calendar year basis. Hawbacker, Inc. pays annual dues to a professional organization each April 1st of $8,000. The invoice notes that the membership fee is allocated for membership fees (75%) and lobbying expenses (25%). What are the total deductible expenses for Tax purposes? What the the total deductible expenses for GAAP purposes?

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Hawbacker, Inc. is in the manufacturing of medical supplies. The comp.pdf

  • 1. Hawbacker, Inc. is in the manufacturing of medical supplies. The company is on a calendar year basis. Hawbacker, Inc. pays annual dues to a professional organization each April 1st of $8,000. The invoice notes that the membership fee is allocated for membership fees (75%) and lobbying expenses (25%). What are the total deductible expenses for Tax purposes? What the the total deductible expenses for GAAP purposes?