AL Auctioneer Practice Questions - Alabama Licensed Auctioneer Exam

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An Alabama auctioneer charges a 12% commission on a real estate auction that closes at $250,000. What advertising expense can the auctioneer deduct before paying the seller, assuming the contract allows a $3,000 advertising deduction?

$$3,000 $$30,000 $$2,500 $$0 — advertising cannot be deducted

Correct Answer:

$$3,000

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