On their birthdays, Lily sends gift certificates (each valued at $25) to Caden (a key client) and to each of Caden's two minor children. Lily can deduct only $25 as to these gifts
a. True
b. False
Indicate whether the statement is true or false
True
RATIONALE: These gifts will be aggregated in applying the $25 limit.
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a. True b. False Indicate whether the statement is true or false