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Shane, a partner in a law firm, makes the following gifts with their values noted: What amount of the gifts is deductible?
Cusp
On a graph, where two lines of a piecewise function meet.
Comprehensive Insurance
Insurance coverage that protects against a wide range of damages or losses, including those not caused by a collision for vehicles.
Collision Insurance
Auto insurance coverage that pays for damages to the policyholder's car resulting from a collision with another vehicle or object.
Deductible
The amount that a policyholder must pay out of pocket before their insurance will pay for their healthcare expenses.
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