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John is a self-employed computer consultant who lives and works in Dallas. John paid for the following activities in conjunction with his business. Which is not deductible in any amount?
1) Dinner with a potential client where the client's business was discussed.
2) A trip to Houston to negotiate a contract.
3) A seminar in Houston on new developments in the software industry.
4) A trip to New York to visit a school chum who is also interested in computers.
Low Levels of Inflation
A situation characterized by a slow rise in the general level of prices for goods and services over a period, indicating a stable economic environment.
Mechanical Loom
A machine for weaving cloth or tapestry automatically, significantly impacting textile production efficiency.
Cotton Cloth
A durable, versatile fabric made from the fibers of the cotton plant, used in a wide range of garments and textiles.
Hand Loom
A manual weaving device operated by hand that is used to create woven fabrics or tapestry.
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