Olga Is a Technical Sales Consultant for Interactive Systems Corporation

question 116

Multiple Choice

Olga is a technical sales consultant for Interactive Systems Corporation (ISC) based in San Diego. While on business in Boise, she entertains several clients at a cost of $600. When she returns to San Diego, Olga gives ISC receipts and other information to account for the entertainment expense. ISC reimburses Olga $600. How much can Olga and ISC deduct?
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Olga ISC

• A)$- 0 - $- 0 -
• B)$- 0 - $300
• C)$- 0 - $600
• D)$300 $- 0 -
• E)$600 $300

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Definitions:

Phosphoglyceraldehyde

A three-carbon sugar phosphate molecule that plays an important role in several biochemical pathways, including glycolysis and the Calvin cycle.

Photosynthetic Pathway

The series of chemical reactions in plants that convert carbon dioxide and water into glucose and oxygen, using sunlight as the energy source.

Carbon Sugar

Organic molecules consisting of carbon, hydrogen, and oxygen that form the building blocks of carbohydrates.

Calvin-Benson Cycle

A series of biochemical redox reactions taking place in the chloroplasts of photosynthetic organisms, crucial for converting carbon dioxide into glucose.