Manny hired his brother's firm to provide accounting services to his business. During the current year, Manny paid his brother's firm $83.000 for services even though other firms were willing to...

Extracted text: Manny hired his brother's firm to provide accounting services to his business. During the current year, Manny paid his brother's firm $83.000 for services even though other firms were willing to provide the same services for $42.000. How much of this expenditure, If any, Is deductible as an ordinary and necessary business expenditure? Deductible amount